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KiwiSaver tax, low contributions holding back pension incomes, financial services lobby says
By Paul McBeth Oct. 14 (BusinessDesk) - Taxes on KiwiSaver returns and low compulsory levels of contributions are holding back New Zealanders from achieving a comfortable retirement, according to a lobby group for the country’s fund managers and insurers. At a conference on s...
NZ services sector picks up pace to record September level, led by new orders
Oct. 14 (BusinessDesk) – New Zealand’s services sector, which accounts for almost two-thirds of the economy, accelerated to a record for a September month, led by new orders/business. The BNZ-BusinessNZ performance of services index rose 2.3 points to 55.6 in September, the hig...
UPDATE2 Drury says $180M capital raise ‘sends strong signal’ to rivals; shares soar
(Updates to show shares rose to a record when they resumed trading) Oct. 14 (BusinessDesk) – Rod Drury, founder of Xero, says the cloud-based accounting company $180 million capital raising from key US shareholders sends a strong signal to rivals that there are no constraints on...
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