“Employers who struggle to pay KiwiSaver contributions may face a double whammy paying out extra on redundancy payments if they try to downsize,” say Ernst & Young KiwiSaver spokespeople Jo Doolan and Aaron Quintal.

The Equity Partners Infrastructure Company (EPIC) IPO has closed over-subscribed.

Retirement policy commentator Michael Littlewood is less than impressed with the changes the government has made to the KiwiSaver scheme in its recent Budget.

An Australian property investment group, that had been raising funds in New Zealand, has gone into voluntary administration.

Wellington

Press Release: Leading accounting firm Staples Rodway has launched a KiwiSaver scheme that will be available to both their clients and the wider public.

Press Release: NZX has opted to make the maximum 4% employer contribution to its employees' KiwiSaver funds from the 1 July 2007 KiwiSaver launch date.

Press release: Today's launch of the first KiwiSaver television commercial marks another important milestone in helping New Zealanders save for their future, government ministers said today.

Press release: Michael Cullen announces new TV Campaign for Kiwisaver

ANZ is understood to have withdrawn its deadline for cutting commissions to mortgage brokers.

These could be famous last words, but it seems like the debate which has been raging over APBs and what role each association is playing is going to die down for a while.

Standard & Poor's says it has observed an increased pace and urgency for change in New Zealand finance companies, driven mainly by impending regulatory developments.