New stock exchange to help grow New Zealand s small businesses
10 Jun 2021, 21:49 GMT+10
WELLINGTON, June 10 (Xinhua) A new share trading market, designed as a gateway to the NZX for small- and medium-sized enterprises (SMEs), has been granted a license by the New Zealand government on Thursday. Commerce and Consumer Affairs Minister David Clark said Catalist Markets Ltd will provide a simpler and more affordable stepping stone for SMEs to raise capital. The Catalist market will open for trading on June 21. This is a big win for kiwi businesses and it ties in well with the government s focus on securing an economic recovery in the wake of COVID-19. Through Catalist, SMEs looking to grow into larger enterprises have a new means of getting there, Clark said.
The Government has announced a major shake-up in the KiwiSaver default provider appointments with five providers not being reappointed.
There are currently
New Zealand Financial Markets Authority: New Default KiwiSaver Settings Designed To Benefit Members Date
14/05/2021
The Financial Markets Authority - Te Mana TÄtai Hokohoko (FMA) notes the Government’s announcement today regarding new KiwiSaver default provider arrangements, these include new settings that offer a package of benefits for default KiwiSaver members.
Finance Minister Grant Robertson and Commerce and Consumer Affairs Minister David Clark have revealed the appointment of BNZ, Booster, BT Funds (Westpac), KiwiWealth, Simplicity and Smartshares (NZX) as default providers for the next seven years, noting they were selected for offering the best value for money for investors.
Rob Everett, FMA Chief Executive, said value for money and fees had been a sharp focus of the regulator’s oversight of KiwiSaver for some time.
The Government s KiwiSaver moves will apply competitive pressure to funds market
14 May, 2021 01:54 AM
3 minutes to read
Finance Minister Grant Robertson has announced a shakeup of Kiwisaver.
Jason Walls is a political reporter for the New Zealand Heraldjason.walls@nzme.co.nz@Jasonwalls92
Finance Minister Grant Robertson says the Government s major KiwiSaver shakeup will apply competitive pressure to other private fund managers to slash their fees. I think and I hope that this will lead to a greater level of competition, and they will lead to a lowering of fees, he told media this morning.
He said that KiwiSaver fees have been too high for too long and the Government s move will help deliver a much-needed shakeup.
Press Release – Financial Markets Authority The Financial Markets Authority – Te Mana Ttai Hokohoko (FMA) notes the Governments announcement today regarding new KiwiSaver default provider arrangements, these include new settings that offer a package of benefits for default KiwiSaver members. Finance …
The Financial Markets Authority – Te Mana Tātai Hokohoko (FMA) notes the Government’s announcement today regarding new KiwiSaver default provider arrangements, these include new settings that offer a package of benefits for default KiwiSaver members.
Finance Minister Grant Robertson and Commerce and Consumer Affairs Minister David Clark have revealed the appointment of BNZ, Booster, BT Funds (Westpac), KiwiWealth, Simplicity and Smartshares (NZX) as default providers for the next seven years, noting they were selected for offering the best value for money for investors.