'Shameful' wait for KiwiSaver fee disclosure regime, says low-fee provider
By Pattrick Smellie Dec. 13 (BusinessDesk) - The government's announcement that KiwiSaver providers have until 2018 to start providing transparent information about all the fees they charge is a "shameful" demonstration of the lobbying power of New Zealand's banks, the chief e...
Electricity Authority proposes softer grid price reform
By Pattrick Smellie Dec. 13 (BusinessDesk) - The Electricity Authority is softening its proposed reforms for national grid payments and suggesting that even where its proposals raise power prices, other reforms under consideration by the Commerce Commission will mostly cancel...
Anadarko drops offshore oil prospect, still 'committed to NZ'
By Pattrick Smellie Dec. 9 (BusinessDesk) - Texas-based oil and gas explorer and producer Andarko has joined a string of other oil majors in dropping an exploration licence in lightly explored offshore areas of New Zealand, although continues to hold interests in two other are...
Stop calling KiwiSaver suspension a 'holiday', says Retirement Commissioner
By Pattrick Smellie Dec. 9 (BusinessDesk) - The right to suspend payments to KiwiSaver schemes should be reduced from five years to one and the so-called 'contributions holiday' should be renamed a 'savings suspension' to "remove the positive connection with a holiday," Retire...
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