For many New Zealanders KiwiSaver will be the first, low cost, easily accessible, work based savings opportunity that they have experienced, says Vance Arkinstall of ISI.
Press Release

As the KiwiSaver infrastructure matures the range of offerings available to KiwiSaver investors will grow, and will eventually include absolute return and alternative investment products such as hedge funds.
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Grosvenor is looking at commercialising its Bondwatch rating service but is worried that it may be pushed out of the market by regulatory changes.

Revenue Minister Peter Dunne has re-emphasized employers' obligations under the KiwiSaver superannuation scheme, following concern expressed in a letter to the editor in today's DominionPost.
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In the past week a number of home loan lenders have been dropping some of their fixed term rates however this shouldn't be seen as an ongoing trend.

Ratings agency Standard & Poor's says the receivership of finance company Bridgecorp has the potential to affect market confidence.

Government will pump an estimated $3 to 4.5 billion a year into KiwiSaver members' accounts, which is effectively a tax cut reserved only for those who can afford to take it up.
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St Laurence says it has no involvement, Common collapse questions, Ranking system questioned.

Hanover Group says all financial services companies owed it to their investors to confirm they were operating to the highest financial and prudential standards, as evidenced by an international credit rating.

The government will remedy a technical problem in the KiwiSaver legislation to ensure the smooth introduction of the new member tax credit, Finance Minister Michael Cullen and Revenue Minister Peter Dunne announced today.
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KiwiSaver starting today discriminates against people aged 65 and over, the Employers & Manufacturers Association (Northern) says.
Press Release

Don't rush KiwiSaver investment decisions, Tower switches raters, Local manager's new hedge fund, and all the latest finance company news.

Bridgecorp in default talks. Strategic's share offer closed and oversubscribed, PropertyfinanceSecurites to offer high yield retail bond fund, Geneva Finance gets extra $20 million in funding, Equitable and Allied Nationwide relaunch. Comment: Pricing risk or buying market share.