KiwiSaver shakeup in capital markets reform

KiwiSaver shakeup in capital markets reform
Commerce Minister Andrew Bayly (left) and FMA CEO Samantha Barrass earlier in the year. (Image: BusinessDesk)
Victoria Young
Minister of Commerce and Consumer Affairs Andrew Bayly is proposing a raft of changes to New Zealand’s capital markets regime, including assisting KiwiSaver funds in making direct investments and reducing the cost of listing on the NZ Exchange.Bayly said he wants to make it easier for KiwiSaver funds to invest in unlisted assets, including infrastructure.While no rules stop KiwiSaver funds from making direct investments, the KiwiSaver Act 2006 provides strong disincentives through requirements for managing and pricing assets. ‘...

More Markets

T&G Global’s apple strategy just about to bear fruit
Primary Sector

T&G Global’s apple strategy just about to bear fruit

BayWa confirmed it may sell its stake but it could be a few years away.

'Disappointed': Briscoe Group Q1 sales sink 2.58%
Retail

'Disappointed': Briscoe Group Q1 sales sink 2.58%

Rebel Sport gains couldn't offset a decline in Homeware revenues.

BNZ preserves margins on flat half-year
Finance

BNZ preserves margins on flat half-year

BNZ outranks its Australian cousins for customer preference.

Takeovers Panel clears Grenon's NZME bid
Markets

Takeovers Panel clears Grenon's NZME bid

Another hurdle cleared on the way to June 3 AGM.