The NZ Super scheme is clearly not sustainable, but putting off action today will turn this headache into a migraine for a future government.

This month’s Budget is the perfect opportunity for the government to signal its desire for investment in, and commitment to, setting up New Zealand as a financial services hub.

With an increasingly ageing population, the government is simply not going to be able to afford to fund your retirement. And Budget 2012 is unlikely to offer New Zealanders much extra help.

But NZ stock market operator will still seek a special resolution and an order from the High Court.

The late Allan Hubbard's unusual and informal business dealings have been further exposed in the latest Aorangi Securities statutory manager's report.