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KiwiSaver takes off

... has approved the KiwiSaver Bill, a new set of laws that will enforce a voluntary work-based savings scheme effective 1 July next year. KiwiSaver is NZ's equivalent to Australia's compulsory superannuation system but unlike the Superannuation Guarantee ...

Daily economic round-up

PETER BELL  |  MONDAY, 11 SEP 2006
... where it has four such operations. It found oil in 1996 in Bangladesh's Sanghu region and is also looking in Nepal. In the next day OPEC ministers from eleven member states representing about 40 per cent of global production will meet to discuss pricing ...

Market wrap - morning

AAP  |  MONDAY, 11 SEP 2006
... LONDON - The FTSE-100 index rose, as it recovered from a sell-off over the previous two sessions, with clothing retailer Next snatching the lead from ICAP on sudden late afternoon takeover speculation. The FTSE 100 index rose 21.2 points to 5,879.3 ...

Daily economic round-up

PETER BELL  |  FRIDAY, 8 SEP 2006
... progress in the trade talks with China, spokeswoman Jane Drake Brockman hinted that whilst the talks are likely to extent into next year after the next round in Australia in December, Australia is likely to seek closer ties with other trading partners ...

Expats lose out on super

... migrating here are unlikely to break the $150,000 or $450,000 cap on super contributions imposed by the government after June next year. "In the 10 years that we've been running our business, the average fund transfer is $77,000," said David Ford, managing ...

Insure while you wait: Aviva

... will be quicker and easier for people to take out insurance," said Salmon. The platform will be fully operational by early next year. Michelle Baltazar

China heading for recession?

... timing of the Asian credit bubble is boldly predicting that China is heading for an economic slowdown in the second half of next year. Andrew Hunt, principal of UK-based Andrew Hunt Economics and global economics consultant to Allianz Global Investors ...

State Super hands mandates to Fidelity and Alliance Bernstein

KATE HAGE  |  TUESDAY, 5 SEP 2006
... and is considering allocations to a hedge fund of funds and to the commodities futures sector. "Global property will be our next appointment before the end of the year," said Fabian. "But we are also considering the alternatives." Fidelity's head of ...

Daily economic round-up

PETER BELL  |  MONDAY, 4 SEP 2006
... that as a result of a record 22 per cent increase in annual exports to $47 billion it will be spending $18 billion over the next four years including about $5 billion in 2005-06 on capital works. The export performance of WA is now more than that of ...

Bravura partners with Statewide for super development

HAMISH MADDEN  |  MONDAY, 4 SEP 2006
... with Statewide Financial Management Services, the super administration arm of industry fund Statewide Super, to develop the next generation of the Sonata SuperB superannuation administration platform. SuperB is one of the modules on the Sonata platform ...