Changes to default providers won t lower KiwiSaver fees as Govt hopes, say experts
14 May, 2021 05:00 PM
6 minutes to read
The number of KiwiSaver default providers will reduce from nine to six. Photo / Getty Images
Experts have poured cold water on the Government s hopes that a major shake-up to the KiwiSaver default providers will bring down fees across the industry. And the majority of those appointed as new default fund providers say the low fees on offer through their default schemes won t be applied to their other funds.
On Friday the Government announced the nine current default KiwiSaver providers would be slashed to six from December 1.
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NEW YORK, NY (Reuters) - Former Skadden, Arps, Slate, Meagher & Flom capital markets partner Christopher Betts has left the firm to become general counsel at Grab Holdings Inc, the largest ride-hailing and food delivery firm in Southeast Asia.
REUTERS/Yuri Gripas
Betts move comes after Skadden, along with Hughes Hubbard & Reed, said it had advised the Singapore-based delivery service here on its record $40 billion blank-check merger with special purpose acquisition company Altimeter Growth in April. Betts, who is fluent in Mandarin Chinese, was not listed as an adviser on Grab s SPAC merger.
The deal, which paves the way for a backdoor Nasdaq listing for Grab here, is expected to close by the end of this year and will be the largest U.S. equity offering by a Southeast Asian company. Ropes & Gray is advising Altimeter, while Wilmer Cutler Pickering Hale and Dorr is representing Altimeter Capital Management and Altimeter Capital Markets.
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Vor ihrem Parteitag ernten die Liberalen viel Zuspruch aus der Wirtschaft. Der BDI nennt das Programm „erfreulich wirtschaftsfreundlich“. Doch an einigen Punkten gibt es auch Kritik.