Investment the key, says Cullen

New Zealand’s efforts to be economically strong should include increased capital investment by manufacturing and other firms, Deputy Prime Minister Michael Cullen says. The service and manufacturing sector in particular needed to change to help drive New Zealanders’ incomes towards those in Australia, Cullen told The Press after the 20/20 Primary Industries Summit in Christchurch […]

The role of financial advice in KiwiSaver

KiwiSaver opens up great opportunities for financial advisors, and it also brings its share of responsibilities. Press Release by Hon Michael Cullen Speech to the FundSource Annual Investment Conference, Langham Hotel, 83 Symonds Street, Auckland. 2:00pm Friday, 9 November 2007. Thank you for the opportunity to talk about the role of financial advice in KiwiSaver. […]

Westpac winning KiwiSavers

Although Westpac missed on on being getting default provider status with KiwiSaver, it has done well in attracting people.Westpac says that one in every five people who has actively chosen a KiwiSaver scheme has selected the Westpac KiwiSaver scheme. The Westpac scheme, is run by its investment subsidiary BT Funds. BT Funds senior product manager […]

Dunne says KiwiSaver should be compulsory

Revenue Minister Peter Dunne says that KiwiSaver should be turned into a compulsory savings scheme once the majority of workers have signed up to it. He says it’s a short step from where it is now to the “conclusion that the logical next move is to make KiwiSaver compulsory. Dunne says the strong public support […]