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FMA allows KiwiSaver managers to use one of two methods to show fees charged
By Sophie Boot July 19 (BusinessDesk) - The Financial Markets Authority has confirmed it will allow KiwiSaver fund managers to use two different methods to show how much they are charging people to manage their funds, with both able to provide investors with the information th...
Maori settlement groups achieve higher returns on assets, pay lower dividends, ANZ says
By Tina Morrison July 19 (BusinessDesk) - Maori iwi groups that have received settlements from the Crown achieved a higher average return on assets than New Zealand's biggest listed companies, but paid out a lower level of dividends, according to research by ANZ Bank. The f...
Labour's alternative Budget reprioritises $17bn over four years
By Pattrick Smellie July 19 (BusinessDesk) - A Labour Party-led government would rejig tax and spending priorities to redirect $17 billion over four years to build up public health and education, put an extra 1,000 police on the beat and boost low and middle-income households...
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