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

JPMorgan is revamping Its bank for the superrich
Finance

JPMorgan is revamping Its bank for the superrich

There is a minimum required balance of US$10 million. 

Port of Auckland to pay $45m special dividend to council
Finance

Port of Auckland to pay $45m special dividend to council

The divestment proceeds will be used to top up the Auckland Future Fund.

Oliver Lewis 27 Jun 2025
$600m in tourist spend at risk from regulation: Mastercard
Finance

$600m in tourist spend at risk from regulation: Mastercard

When Europe cut interchange fees, foreign card decline rates soared.

Pattrick Smellie 27 Jun 2025