News

New robo advice site

12 December 2016

Next year's revamp of the Financial Advisers Act which will legalise the use of robo-advice in New Zealand's financial sector can't come soon enough for one young Wellington entrepreneur. Goodreturns.co.nz. More>

The mortgage or the KiwiSaver?

12 December 2016

Mary Holm answers reader query: My husband and I are in our early 40s. I have a pension but he does not. In a few months we shall be $800 better off a month, so we are wondering whether to pay off our mortgage quicker, currently owing $240,000, or set up a KiwiSaver scheme for my husband. NZHerald.co.nz. More>

Gaynor: Shareholders left out

12 December 2016

Gaynor: One of the most frustrating aspects of corporate governance is that shareholders are rarely consulted about the appointment of new directors. Yes, shareholders get to vote on the re-election of current directors but they rarely have the opportunity to approve a director before he or she has been appointed to the board. It is also a long, long time since we have had a contestable election for a board seat in New Zealand. NZHerald.co.nz. More>

RBNZ: insurers risk eroding solvency buffers

12 December 2016

RBNZ concerned insurers risk eroding their solvency buffers and reducing their flexibility to manage a crisis if they keep dishing out large dividends. Interest.co.nz. More>

Retirement Commissioner's annual review released

9 December 2016

Today we are releasing the first of two sets of recommendations for change, which we are presenting to the government. But you won’t find them buried in a traditional policy document. CFFC.org.nz. More>

FMA anti-money laundering monitoring increased

9 December 2016

The Financial Markets Authority (FMA), in combination with the Police, will ramp up training for the 800 entities it supervises for compliance with anti-money laundering laws after they filed just 47 suspicious transaction reports over a full year. Interest.co.nz. More>

Treasury NZ Super Fund model updated

9 December 2016

The Treasury has released an update to its New Zealand Superannuation Fund Contribution Rate Model. Treasury.govt.nz. More>

Morgan: NZ should tax homes?

9 December 2016

IRD mortgages for the elderly, and other things Gareth Morgan has planned. Stuff.co.nz. More>

Macroeconomic stability dashboard updated

9 December 2016

The Treasury has prepared a two-page dashboard in A3 format of key summary, internal and external indicators of the performance of the New Zealand macroeconomy. Treasury.govt.nz. More>

Further TAA consultation announced

9 December 2016

Submissions are sought on detailed proposals for amendments to the Tax Administration Act which build on earlier proposals released for consultation in November 2015. Stuff.co.nz. More>