KiwiSaver challengers unlikely to win default status

KiwiSaver challengers unlikely to win default status
Dan Brunskill
The big banks are likely to secure the management default KiwiSaver funds as the government’s tender criteria potentially shuts out small challengers, some providers say.   The Ministry of Business, Innovation & Employment this month put out a request for proposals from KiwiSaver providers who want to replace the current nine default fund managers.The criteria require providers to have $100 million of funds under management, which will prevent some smaller brands for bidding and giving the incumbents a better chance of keepi...

More Finance

ANZ admits 'unacceptable failure' as bond probe continues
Finance

ANZ admits 'unacceptable failure' as bond probe continues

Regulator is investigating the bank over its bond turnover data.

AAP 25 Jul 2024
ComCom will try to bring down PayWave, credit card surcharges
Finance

ComCom will try to bring down PayWave, credit card surcharges

Card industry tried to regulate itself, Govt has tried, now it is ComCom's turn.

Staff reporters 23 Jul 2024
Massive cyber outage cripples banks and other organisations worldwide
Finance

Massive cyber outage cripples banks and other organisations worldwide

A major cybersecurity outage has taken out computer-reliant services

Dileepa Fonseka 19 Jul 2024