ACT New Zealand Finance Spokesman Rodney Hide says that the failure of the Government's Super Fund to meet its targets was hardly a surprise.

St Laurence Group has extended its 9% convertible note offer for another two months.

The Financial Planners & Insurance Advisers Association supports self-regulation and is keen to take a leadership role.

Social Development and Employment Minister Steve Maharey says the Government will respond to the PRG Report early in the New Year. He has also announced that the Retirement Commissioner Diana Crossan has been reappointed.

The 2003 report of the Periodic Report Group (PRG) is generally on target, though misses a few key points, says Business NZ.

More emphasis on workplace based savings, a beefed-up role for the Retirement Commission and the removal of tax disincentives for savings are welcome recommendations from a new savings report, AMP managing director Ross Kent says.

Retirement Commissioner Diana Crossan says that the report of the Periodic Report Group (PRG) released today, has key messages for the financial services sector and employers, particularly in the areas of providing quality financial advice and promoting workplace savings.

The Investment Savings and Insurance Association has welcomed the release of the Periodic Report Group's Retirement Income Report 2003.