News

Financial Adviser Bill changes ‘provide certainty for employers’

24 September 2008

The Association promoting workplace superannuation in New Zealand says it is pleased the Government is providing more certainty for employers through the Financial Advisers Bill, passed under urgency on 24 September.

More mortgages qualify for KiwiSaver mortgage diversion

15 September 2008

Amendments to the mortgage diversion regulations signed by Order in Council today allow more types of mortgages to qualify for the mortgage diversion facility.

Offsetting Employer KiwiSaver Contributions

12 September 2008

On 3 September a rushed amendment to the Employment Relations Act was passed that impacts on every employer offsetting their contributions to KiwiSaver within the remuneration package paid to employees.   The prospect of total remuneration arrangements being under threat had been signalled as long ago as July - what had not been anticipated had been the lack of consultation that occurred with the wording of the amendments made, and the possible far reaching implications.  

2008 Conference Presentation Now Online

11 September 2008

 Our two day ASFONZ 2008 National Conference & Super Expo was a huge success!

OCR reduced to 7.5%

11 September 2008

The Reserve Bank today reduced the official cash rate (OCR) by 50 basis points from 8.0% to 7.5%.

Credit crisis: not all bad news

3 September 2008

Regulators will seek to impose a 'speed limit' on the financial economy as they pay the price of cleaning up after the credit crisis, Medley Global Advisors analyst Paul Silk says.