In the first three months of KiwiSaver the enrolment figures have already broken through the 200,000 mark, Finance Minister Michael Cullen and Revenue Minister Peter Dunne said today.
Press Release

The past week has been a good one for people looking to put money on deposit. Rabobank has set the rates on its perpetual notes at 9.48%, one finance company has set a new high water mark for the industry and another is offering an extra 0.85% to existing customers.

The government's major initiative to help first-time buyers, Welcome Home Loans, into their own home has reached 3000 loans.

Legal action over Bridgecorp, Further signs housing market cooling, AMP Intl shares strategy given rating, Fisher spawns new fund.

An Auckland-based law firm is looking to take legal action against advisers who recommended their clients put money into failed finance company Bridgecorp.

The PIE (Portfolio Investment Entities) tax changes came into effect on 1 October 2007 and relate to changes in the tax rates on investment returns from PIE compliant managed funds and the way this tax is paid by investors.

The New Zealand Superannuation Fund has produced a net return of 14.58% in the latest financial year.

More bad news has been delivered to fixed interest investors just when the finance company sector and credit markets looked to be settling down.

Debenture holders in Five Star Consumer Finance are only likely to get between 26% and 40% of their investment back.

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Wellington

Media puts advisers once more into the breach over Bridgecorp, PFG to raise funds from related entity and Cullen pumps up KiwiSaver as cash begins to flow