Inside Money: Govt blows $5b on KiwiSaver in five years
With the removal of the tax exemption in 2012 on the employer component of KiwiSaver contributions, the govt sneakily increased its tax-take without many people noticing, writes David Chaplin.
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Latest fromManaged Funds
Police look to seize directors' assets
A High Court judge has made restraining orders over property linked to two jailed Capital + Merchant Finance directors, with the police looking to eventually seize the assets.
Ross sentence 'too lenient'
The man behind NZ's largest Ponzi scheme has been sentenced to 10 years and 10 months in jail - a punishment deemed too lenient by one of his victims.
Inside Money: KiwiSaver default de-risk challenge from Peters
"Where," asks David Chaplin, "are the current batch of default providers going to send members for 'impartial financial advice' - off to rival banks, perhaps?"
Symposium to bridge gap
AUT University is to host the first New Zealand Capital Markets Symposium on Friday in what it hopes will become an annual event.
Managed funds up a notch
New Zealand's $82 billion managed funds industry, which includes KiwiSaver, has been given a C- report card by international research firm Morningstar.
Ross investors face 'terrible legal battle'
If it is determined that David Ross was running a Ponzi scheme, investors face a major legal fight to recover their funds, says investor spokesman Bruce Tichbon.