Live Breaking News & Updates on Family Trusts

Stay updated with breaking news from Family trusts. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.

Kiwis Can Hold Diversified Growth Funds, From Multiple Managers, In A Single KiwiSaver Portfolio.


Wednesday, 14 July 2021, 2:38 pm
Innovative online savings platform InvestNow has knocked
back claims that the current ‘single scheme’ KiwiSaver
rule limits member choice.
Mike Heath, InvestNow
General Manager, said recent media comments alleging the
current law restricting KiwiSaver members to one scheme is
‘incredibly bad practice’ misses an important
development in the sector.
“At InvestNow we’ve
solved what some media commentators are calling a flaw in
the design of KiwiSaver that restricts diversification by
preventing members from joining more than one scheme,”
Heath said. “By applying our existing platform technology,
Kiwis don’t have to have all their KiwiSaver eggs in one ....

New Zealand General , New Zealand , Castle Point , New Zealanders , Mike Heath , Investnow Kiwisaver , Smartshares Etfs , Nz Companies , Investment Solutions , Heartland Bank , Franklin Templeton , China Construction Bank , Smartshares Growth Fund , Financial Service Provider , Property Group , Milford Active Growth Fund , Citizen Community , Fisher Funds Growth Fund , Foundation For Public Interest Journalism , Revenue Department , Funds Exchange Traded , Kiwis Can Hold Diversified Growth Funds , From Multiple Managers , Single Kiwisaver Portfolio Wednesday , Investnow General Manager , Harbour Asset Management ,

Banks may target family trusts of loan guarantors


Banks may target family trusts of loan guarantors
Synopsis
Many of the family trusts created by businesspeople are meant primarily to protect their assets from potential claims related to their companies, such as in bankruptcies. Neither lenders nor agencies such as the Enforcement Directorate or income tax department have been able to penetrate these asset protection trusts.
Banks and business promoters are seeking legal opinion to figure out if lenders could recover money and assets parked inside family trusts, following a recent Supreme Court ruling on personal guarantors. The SC ruling said personal guarantors of loans are liable in insolvency cases. This means creditors can initiate proceedings against personal guarantors of corporate debt. ....

Supreme Court , Tsc Ruling , Loan Guarantors , Legal Opinion , Family Trusts , உச்ச நீதிமன்றம் , சட்டப்பூர்வமானது கருத்து , குடும்பம் அறக்கட்டளைகள் ,