The Reserve Bank has left the Official Cash Rate on hold at 3 per cent.

Australia is spending more than $4 million to bring the billionaire talk-show host to Sydney to stage her show in December.

More KiwiSaver providers expect it to take longer than two years to recoup the costs of setting up the scheme.

Sean Hughes will have two significant advantages when he sits down as the chief executive of the new Financial Markets Authority early next year.