Regulators have been coming down hard on casino operators and their breaches of anti-money laundering and counter-terrorism financing legislation.
ING pulled in more money to its KiwiSaver funds than any other manager in the March quarter but its other funds weren't so popular, according to FundSource data.KiwiSaver successING, which includes ANZ and National Bank KiwiSaver funds, experienced a net
Retail funds under management in New Zealand have exceeded $20 billion thanks to strong inflows into KiwiSaver and Cash PIE funds, new FundSource data shows.The FundSource Marketshare Report for the March quarter revealed that KiwiSaver funds sucked in ha
Clear evidence of the gap between economic projections and commercial reality faced by businesses was outlined in stark form by AMP Capital.The country's largest fund manager this afternoon released its latest quarterly results and they reflect the sizabl
KiwiSaver could eventually be used as politically acceptable way of selling stakes in state assets, according to Tower Investments chief executive Sam Stubbs.Mr Stubbs recently gave a presentation on public KiwiSaver partnerships (PKPs), which would be si
Among some high-profile Overseas Investment Office consents granted last month was a very mysterious application.The list of OIO decision summaries for February - released by Land Information New Zealand - features approval for Kraft's takeover of Cadbury
Headlines touting farm receiverships and other financial woes are sending the wrong message to potential rural investors.Farm syndicate creator Andrew Watters of Palmerston North-based MyFarm told NBR headlines are having an effect on general investor per
The Huljich KiwiSaver controversy is thought to have prompted a letter from the Securities Commission being sent to KiwiSaver providers reminding them of their disclosure obligations.The commission has issued a guidance note on KiwiSaver distribution and
A week after a survey found many New Zealanders think KiwiSaver is government-guaranteed, another survey has revealed the lack of a guarantee is one of the main concerns people have about the scheme.Last week a UMR Research poll found that nearly half (48
Nearly half of all KiwiSaver members wrongly think they have a government guarantee, according to a new survey that raises further concerns about the safety of investors.The UMR Research survey of 750 people found worrying gaps in many people's KiwiSaver