Hobson’s choice when it comes to growth

Andrew Bayly has his work cut out for him. (Image: NZME)

Thu, 07 Dec 2023

Commerce minister Andrew Bayly will have his work cut out for him if he’s to untangle the regulatory mess tying up the finance sector. He’s already said he’s keen to pull apart the crossover of regulatory bodies that spans the sector, and his pitch to let KiwiSaver members tap multiple schemes has found favour with one of the larger investment firms in Forsyth Barr. Its long-serving chief, Neil Paviour-Smith, reckons that’s the kind of regulatory move that will stoke competition in a market where players a...

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