The Retirement Commissioner Diana Crossan welcomes the Government’s work based savings initiative as a positive step which offers New Zealanders an easy way to save.

Savings industry is pleased that call for taxation neutrality has been answered.

The New Zealand residential property market experienced its traditionally “soft” month during April, according to the president of the Real Estate Institute of New Zealand, Howard Morley.

Rotorua

AXA New Zealand believes the anticipated Budget announcement of initiatives to encourage workplace-based retirement saving will have a major influence on the saving behaviour of New Zealanders.

Weekly Home Loan Report: Interest rates appear to be in a bit of a holding pattern.

Auckland

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The Government’s initiatives outlined in the Budget for the universal KiwiSaver workplace savings scheme and the moves to improve the taxation of managed funds are a crucial step in the right direction.

Auckland based specialist property financier, North South Finance has reported an audited after-tax surplus of $3.1 million for the year to March 31, more than double last year’s $1.3 million. Interest and fee revenue rose from $6.1 million to $11.8 million.

The Government is to develop a code of practice for home equity release schemes, in order to provide a level of protection for older people's financial interests.