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Viewing entries tagged with 'Legislation'

Prospectus extension certificates

6 December 2011

FMA has decided to grant an extension to liquid collective investment schemes so that they can register a prospectus extension certificate to extend the life of a scheme prospectus notwithstanding certain material adverse changes in the financial position of that scheme.  For more information click here.

MED throws out FMA funding fee proposal

13 September 2011

The Ministry of Economic Development (MED) has rejected all four of its original funding proposals for the Financial Markets Authority (FMA), opting instead for a tiered system with "no charging based on individual advisers."

Automatic KiwiSaver enrolment pondered

4 August 2011

Enrolling everyone who is in work into KiwiSaver remains on the table as both Labour and National consider their election savings plans. Prime Minister John Key was keen to get more people enrolled in the superannuation scheme but stopped short of supporting automatic enrolment.

KiwiSaver tweaks on the cards

4 August 2011

Coverage from today's TVNZ Breakfast programme - featuring David Ireland, Chairman of Workplace Savings NZ

Cabinet approves funding for FMA

20 April 2011

Commerce Minister Simon Power today announced Cabinet approval for the operating budget for the Financial Markets Authority, which begins operation on 1 May.

Savings Working Group releases final report

1 February 2011

The Savings Working Group released its final report "Saving New Zealand: Reducing Vulnerabilities & Barriers to Growth & Prosperity" to the Minister of Finance today. 

'Urgent need' for savings boost

16 December 2010

The Savings Working Group says in an interim report there is an urgent need for both the government and household sectors to lift productivity and national savings.

Raise superannuation age to 67 at least - Retirement Commissioner

7 December 2010

The government needs to raise the age of entitlement for superannuation from 65 to 67 at least if it is to avoid a major fiscal crisis, says Retirement Commissioner Diana Crossan.  In a move likely to trigger a major political row, Ms Crossan says the government should gradually lift the age of entitlement by two-month increments from 2020, so as to reach 67 by 2033.

Submission on the Financial Markets (Regulators & KiwiSaver) Bill

10 November 2010

We have today uploaded the Workplace Savings NZ submission to the Commercer Select Committee in relation to the above bill.

David Mayhew - Cleaning up the markets

4 October 2010

The fact that David Mayhew has only recently returned to New Zealand after nearly three decades in London may explain why he is utterly wrong about a crucial Kiwi trait.