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Tender for default KiwiSaver funds finally arrives

Dan Brunskill
Fri, 02 Oct 2020

The Ministry of Business, Innovation & Employment has outlined new criteria for KiwiSaver default fund providers as it seeks bidders in a request for proposals released today.KiwiSaver providers who want to be part of the default scheme will need to offer a low-fee balanced fund that does not invest in weapons or fossil fuels, and demonstrate they can engage with their clients through to their retirement.“The current nine default providers were appointed in 2014, and the tender process will help determine the next set of providers to...

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America's Cup
Not dead yet: Auckland's America's Cup dream
Pattrick Smellie | Fri, 24 Sep 2021

Reports of the death of Mark Dunphy's bid to keep The America's Cup in Auckland may prove premature, although events this week suggest CPR may be required.

Listed Companies market close
Pacific Edge up 6%; while index dips
Dan Brunskill | Fri, 24 Sep 2021

The NZX 50 index fell as its biggest stock, Fisher & Paykel Healthcare, fell 3.1% back towards its average price of $32 per share.

Retirement villages operate like 'quasi-Ponzi schemes'
Jenny Ruth | Fri, 24 Sep 2021

Retirement village residents' association claims the rule to get legal advice before signing a contract doesn't protect residents – and is used against them.

Demand driven change an easier route to carbon reduction

Taking a demand-driven approach to carbon reduction will naturally bring us into line with government targets.

Kiwi security technology leading the world

Businesses must take advantage of our home-grown, world-leading, internationally-valued cyber defence systems to manage risk.