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

Lower bond yields lift NZ sharemarket
Markets Market Close

Lower bond yields lift NZ sharemarket

Lower bond yields have helped drive the NZ sharemarket sharply higher at the close.

Jamie Gray 30 May 2025
Turbulent market slashes 2 Cheap Cars' profit
Markets

Turbulent market slashes 2 Cheap Cars' profit

New Zealand’s continued economic downturn, a sharp fall in immigration and consequent softer market demand has driven a 47% drop in profit for 2 Cheap Cars.The company reported total revenue of $81.9 million with 7675 cars sold in the year to March 31, down 6% compared to $86.7m...

Staff reporters 30 May 2025
Pacific Edge launches $20m capital raise
Markets

Pacific Edge launches $20m capital raise

The raise will help the medtech company continue operations for another year.

Staff reporters 30 May 2025
King Salmon slashes earnings guidance
Primary Sector

King Salmon slashes earnings guidance

Reduced harvests are needed to build up fish stocks.

Staff reporters 30 May 2025