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The greatest wealth transfer in history

Brian Gaynor
Sat, 17 Jul 2021

NZ is one of only 12 OECD countries, out of 36, that doesn’t have an inheritance, estate or gift tax. (Image: Deposit Photos)
Brian Gaynor
Sat, 17 Jul 2021
The greatest wealth transfer in history – from baby boomers to younger generations – has begun. This massive wealth transfer will have an enormous impact on investment trends, the financial sector and the global economy in the decades ahead.According to the United States Federal Reserve Board, the 70 years and above age group has US$35 trillion (NZ$50 trillion) worth of wealth compared with only US$4 trillion held by this age group thirty years ago.This US$35 trillion, which represents just over 150% of annual US GDP, is expected to...

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Law & Regulation
David Henry firm moves into liquidation owing $400k
Brent Melville | Sat, 31 Jul 2021

Kinleith Land and Infrastructure moves into liquidation owing at least $400,000, liquidator looks to sell solar farm.

On the Money
On the Money: Chris Dunphy, Peter Wells' potential $250m payday, Banksy, Bridges, and more
Rebecca Stevenson | Sat, 31 Jul 2021

Which minister thought he was at a rave, who's cashing in on another potential IPO on the ASX, why wasn't anyone buying Banksy? And more.

Opinion FREE
Why it's hard to open a supermarket in NZ
Eric Crampton | Fri, 30 Jul 2021

Supermarkets' high profits should motivate a new competitor, if they're real. If the profits are there, what's stopping them?

How events can support a sustainable future

Sustainability has become a fundamental characteristic of a responsible business. It’s no longer just about “doing the right thing for the environment”, but now a much more holistic proposition where businesses have a real responsibility to embrace sustainable business practices - or risk being left behind.

5 trends as construction begins towards carbon neutrality

Carbon neutral trends emerging in engineering, procurement and construction across the globe indicate what we can expect in New Zealand over the next thirty years.