KiwiSaver providers await final default call

KiwiSaver providers await final default call
It's finally crunch time for KiwiSaver default providers
David Chaplin
One day, maybe next week, the third of the seven-yearly KiwiSaver default dramas will conclude in a series of emotionally charged emails and tweets.Not really. The communications will be stripped-back, lawyered-up, PR-rinsed and definitely not designed for distribution on social media channels. Finance minister Grant Robertson may regret to inform the losers or congratulate the winners with instructions enclosed: pick up your assets here; please drop off your used members there.After passing through three selection rounds over 14 year...

More Finance

Airwork faces risk of liquidation
Finance

Airwork faces risk of liquidation

Chinese parent reveals $146.6m syndicated loan can’t be repaid.

First there was Word, then came inflation
Finance

David Chaplin: First there was Word, then came inflation

The Reserve Bank thinks it has tamed the beast – but costs are still rising. 

David Chaplin 22 Jan 2025
Wisdom from Milford’s ‘oldest’ fund manager
Finance

Wisdom from Milford’s ‘oldest’ fund manager

Stephen Johnston has been watching markets since 1997.

Gregor Thompson 09 Jan 2025
RBNZ issues first non-bank deposit-taker licence in nearly a decade
Finance

RBNZ issues first non-bank deposit-taker licence in nearly a decade

The Reserve Bank of New Zealand has issued a non-bank deposit taker licence to newly formed finance company Welcome.The last time the central bank issued a license was in 2017 to Christian Savings, which was previously licensed as Christian Savings Incorporated, according to the...

Staff reporters 08 Jan 2025