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Business Scoop » New Default KiwiSaver Settings Designed To Benefit Members

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 settin...
Grant Robertson David Clark Mana Ttai Hokohoko Rob Everett Financial Markets Authority Ministry Of Business

Finance expert suggests redistribution of public sector CEO salaries

A Robin Hood-style policy, redistributing the big salaries of public service chief executives to lower paid workers, would be more effective than the government-ordered pay freeze, according to a leading business academic. The directive, which essentially means those in the public sector earning more than $60,000 will only get a pay rise in exceptional circumstances for the next three years, has infuriated some workers. It has prompted crisis meetings between the government and unions, and a c...
New Zealand Tim Fowler Sid Miller Jane Doe Peter Boshier Scott Pickering
Source: rnz.co.nz

Pay freeze: Redistribution of public sector CEO salaries better, finance expert suggests

Pay freeze: Redistribution of public sector CEO salaries better, finance expert suggests 14 May, 2021 08:08 PM 7 minutes to read A finance expert says we need to talk more about pay redistribution, not freezes. Photo / Getty Images A finance expert says we need to talk more about pay redistribution, not freezes. Photo / Getty Images RNZ A "Robin Hood"-style policy, redistributing the big salaries of public service chief executives to lower-paid workers, would be more effective than the Governme...
New Zealand Tim Fowler Sid Miller Jane Doe Peter Boshier Ka Robin Hood

Expert calls for top-paid bureaucrats' pay to be cut and given to the working poor

Some public sector leadership salaries: Matt Whineray, CEO NZ Super Fund: $929,000 (after COVID-19 reduction) Scott Pickering, CEO ACC: $826,000 Ailsa Claire, CEO ADHB: $677,000 John Ryan, Auditor General: $670,000 Peter Hughes, Public Service Commissioner: $630,000 Rob Everett, CEO Financial Services Authority (just resigned): $623,000 Cherly de la Rey, VC University of Canterbury: $594,000 Tim Fowler, CEO Tertiary Education Commission: $560,000 Judge Peter Boshier, Chief Ombudsman: $456,000 S...
New Zealand Tim Fowler Sid Miller Jane Doe Peter Boshier Scott Pickering

New Default KiwiSaver Settings Designed To Benefit Members

Friday, 14 May 2021, 10:51 am 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 prov...
Grant Robertson David Clark Rob Everett Citizen Community Foundation For Public Interest Journalism Financial Markets Authority

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New Zealand Financial Markets Authority: New Law Reforms The Regulation Of Financial Market Infrastructures (FMIs)

New Zealand Financial Markets Authority: New Law Reforms The Regulation Of Financial Market Infrastructures (FMIs) Date 06/05/2021 New laws to regulate and supervise payment and settlement systems have been passed by Parliament following the third reading of the Financial Market Infrastructures Bill (the Bill) yesterday. FMIs are critical systems that support day-to-day payments and financial transactions in the economy. They include electronic payment systems, and systems to settle trades...
New Zealand Rob Everett Financial Markets Authority Deputy Reserve Bank Governor Geoff Bascand Matua The Reserve Bank Financial Market Infrastructures Bill

MIL-OSI New Zealand: Economy – New law reforms the regulation of financial market infrastructures (FMIs) – Reserve Bank of New Zealand

Source: Reserve Bank of New Zealand 6 May 2021 – New laws to regulate and supervise payment and settlement systems have been passed by Parliament following the third reading of the Financial Market Infrastructures Bill (the Bill) yesterday. FMIs are critical systems that support day-to-day payments and financial transactions in the economy. They include electronic payment systems, and systems to settle trades in a range of financial products, such as equities and bonds. These systems...
New Zealand Rob Everett Financial Markets Authority Deputy Reserve Bank Governor Geoff Bascand Matua The Reserve Bank Reserve Bank

Business Scoop » New Law Reforms The Regulation Of Financial Market Infrastructures (FMIs)

Press Release – The Reserve Bank of New Zealand New laws to regulate and supervise payment and settlement systems have been passed by Parliament following the third reading of the Financial Market Infrastructures Bill (the Bill) yesterday. FMIs are critical systems that support day-to-day payments … New laws to regulate and supervise payment and settlement systems have been passed by Parliament following the third reading of the Financial Market Infrastructures Bill (the Bill) yesterday. ...
New Zealand Rob Everett Financial Markets Authority Deputy Reserve Bank Governor Geoff Bascand Matua The Reserve Bank Press Release

New Law Reforms The Regulation Of Financial Market Infrastructures (FMIs)

Thursday, 6 May 2021, 2:37 pm New laws to regulate and supervise payment and settlement systems have been passed by Parliament following the third reading of the Financial Market Infrastructures Bill (the Bill) yesterday. FMIs are critical systems that support day-to-day payments and financial transactions in the economy. They include electronic payment systems, and systems to settle trades in a range of financial products, such as equities and bonds. These systems are mostly used by banks an...
New Zealand Rob Everett Citizen Community Foundation For Public Interest Journalism Financial Markets Authority Deputy Reserve Bank Governor Geoff Bascand

Community Scoop » New Law Reforms The Regulation Of Financial Market Infrastructures (FMIs)

Press Release – The Reserve Bank of New Zealand New laws to regulate and supervise payment and settlement systems have been passed by Parliament following the third reading of the Financial Market Infrastructures Bill (the Bill) yesterday. FMIs are critical systems that support day-to-day payments … New laws to regulate and supervise payment and settlement systems have been passed by Parliament following the third reading of the Financial Market Infrastructures Bill (the Bill) yesterday. ...
New Zealand Rob Everett Financial Markets Authority Deputy Reserve Bank Governor Geoff Bascand Matua The Reserve Bank Press Release

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