Subscribe today - find out more
Why you should consider BusinessDesk

Govt goes in with a bang on first default scheme team

David Chaplin
Wed, 19 May 2021

Commerce minister David Clark is pretty pleased: “We’re sending a clear message to KiwiSaver members that the government believes they deserve much better bang for their buck".
David Chaplin
Wed, 19 May 2021
That was brutal. In decimating close to 85% of the current KiwiSaver default market last week, the government dropped all of the original players from the team. The five demoted default schemes – AMP, ANZ, ASB, Fisher and Mercer – actually contain the first tight six appointed in 2007 at the KiwiSaver kick-off. At about the same time in 2012ish, AMP bought the Australasian assets of Axa while Fisher acquired Tower. Both Axa and Tower housed default funds with the former KiwiSaver scheme absorbed into the AMP product a...

Not convinced yet?

Subscribe to our Daily News Update free newsletter.

400 trainee pilots allowed into NZ
Brent Melville | Sat, 23 Oct 2021

Pilot trainees will make up 40% of the latest cohort of international students allowed in from mid-2022, with an assumption that tight border rules will still be in place.

Technology FREE
Review: NuraTrue, the earbuds that listen to you
Henry Burrell | Sat, 23 Oct 2021

Personalised audio at a relatively affordable price point. It's a winning combination.

On the Money
On the Money: IRD's rich list, Damian O'Connor's FTA in MIQ, and more
Rebecca Stevenson | Sat, 23 Oct 2021

OTM this week: what does Inland Revenue consider rich, why was Damian O'Connor absent from the FTA celebrations, which new car is triggering FOMO amongst the Remuera Tractor set, and more.

Decarbonising infrastructure – navigating an abundance of policy and analysis

We have a rare opportunity to align significant public infrastructure investment with urgent climate change reform, but time is short and we all need to act.

Let's not lose sight of the wood for the trees

As much generation will need to be built in the next 14 years as has been built in the last 40+ years for Aotearoa to meet its commitment of achieving net zero emissions by 2050.