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HONG KONG, July 12, 2021 /PRNewswire/
Tricor Group (Tricor), Asia s leading business expansion specialist, has signed a sale and purchase agreement to acquire NZGT Holding Company Limited (NZGT Holdings) together with its wholly owned subsidiaries
The New Zealand Guardian Trust Company Limited (Guardian Trust) and
Covenant Trustee Services Limited (Covenant) from Complectus Limited. The sale is subject to customary regulatory approvals.
Tricor is the largest pure-play corporate services platform in APAC, serving over 50,000 client entities across its 21-market footprint. A positive move for Guardian Trust and Covenant, this proposed acquisition will see the group and its New Zealand clients benefit from Tricor s significant financial backing, global best practices, and innovative product and service offerings.
SYDNEY (BUSINESS WIRE) #structuredfinance Moody’s Analytics today announced that Guardian Trust, the leading provider of trustee and security trustee services in New Zealand, has chosen the Moody’s Analytics ABS Suite™ software solution to administer its trust management and structured finance-related corporate trust services. Securitisation is an important tool for
Covid warning: Extended lockdown could push KiwiSaver hardship claims higher
16 Feb, 2021 04:32 AM
5 minutes to read
KiwiSaver hardship claims have risen over the last year. Photo / File
The number of Kiwis tapping into their retirement savings due to financial hardship continues to rise and experts say the latest lockdown could spur more claims if it drags on longer than three days. Inland Revenue figures show that in December last year 2526 people withdrew money from KiwiSaver accounts due to financial hardship, taking out $16.4 million.
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That was a significant jump on a year earlier when 2000 took $11.6m out in December 2019.
Statistics show the number of people taking money out of KiwiSaver for hardship rose steadily over 2020 despite the amount of economic stimulus being pumped into the economy and employment levels staying strong.