The transparency provided
by improved KiwiSaver regulations would be welcomed in the
savings industry, Forsyth Barr KiwiSaver specialist Damian
Foster said yesterday.
A "super-regulator" will be
introduced to oversee New Zealand's financial markets,
Commerce Minister Simon Power has announced.
The Reserve Bank
yesterday held its official cash rate at 2.5%, surprising
no-one in the market.
A further financial crisis in Greece yesterday caused chaos
on world financial markets after credit rating agency
Standard & Poor's downgraded Greek bonds to junk status.
The New Zealand NZX-50 fell 0.6% within minutes of opening
this morning, following the lead of the Dow Jones Industrial
Average which lost nearly 2% overnight.
Parked in the Edgar Stadium car park and being buffeted by
strong winds and rain, the Plan-b mobile workspace and
technology van looked right at home.
Financial services advisers are warning that fees charged to
clients will have to increase as commissions are scrapped
It was crucial New Zealand remained competitive with
Australia in tax rates as this country looked to attract both
labour and capital, Deloitte associate tax director Peter
Truman said yesterday.
May is looming as a month of transtasman tax as governments
here and in Australia finish preparations to their Budgets.
A website designed to help people have extra-marital affairs
is about to arrive in New Zealand but a quick check on the
internet reveals that the site might not be all it claims to
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