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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 ...

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 commitment to review the directive next year. The government denies it is a 'freeze', saying people...

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 Government-ordered pay freeze, according to a leading business academic. The directive, which essentially me...

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 Sid Miller, CEO Earthquake Commission: $437,000 A lower public sector staff salary: Jane Doe, adminis...

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 providers for the next seven years, noting they were selected for offering the best value for money for ...