Finance Minister Michael Cullen says more incentives are possible to encourage private sector employees to join the KiwiSaver workplace savings scheme.

A Parliamentary select committee has toned down some of the more draconian aspects of the Securities Legislation Bill but some others remain.

Westpac is the latest to offer a high interest rate savings account to customers willing to use the internet or telephone rather than its branches.

The government’s KiwiSaver workplace savings scheme will probably have much higher fees than existing superannuation schemes, says Aon consulting.

The government’s KiwiSaver workplace savings scheme will probably have much higher fees than existing superannuation schemes, says Aon consulting.

Concerns about ”mission creep” of the Task Force on Financial Intermediaries are emerging.

The Australians are cracking down on how insurance advisers and brokers are paid, and New Zealand law firm Russell McVeagh says that a similar sort of probe may well follow here.

Investors in ING's Diversified Yield Fund yesterday voted to approve the company’s proposal to restructure the fund through the Cook Islands.

The government has again scaled back the expected returns it will get from the massive New Zealand Superannuation Fund (NZSF).

The government has again scaled back the expected returns it will get from the massive New Zealand Superannuation Fund (NZSF).

Have your say on the Task Force - or be prepared to go on stress leave and see the value of your business collapse.

ING is moving its successful CDO-backed fixed interest fund, the Diversified Yield Fund (DYF), from Australia to the Cook Islands for tax reasons.

The two men who headed the two big 2004 working parties on savings and investment issues, Peter Harris and Craig Stobo, have given a cautious thumbs up to the Budget announcements on savings.

Wariness about a “one size fits all” approach lies behind the Task Force on Financial intermediaries options paper released this week.

The Treasury is forecasting a heavy downturn in the housing market through until at least the second half of 2007.

The Treasury is forecasting a heavy downturn in the housing market through until at least the second half of 2007.