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WealthDesign: helping you financially achieve in business and in life.

WealthDesign, Palmerston North: helping you reach your financial goals through investment, insurance, retirement, business planning and getting to know you. ....

New Zealand , Cash Management , True History ,

Silver Lake counter: Kiwi-owned investment company Forsyth Barr enters battle to buy into New Zealand Rugby


Silver Lake counter: Kiwi-owned investment company Forsyth Barr enters battle to buy into New Zealand Rugby
14 May, 2021 12:00 AM
5 minutes to read
Everything you need to know about the Forsyth Barr deal. Video / NZ Herald
An alternative offer to Silver Lake, valuing New Zealand Rugby at a colossal $3.8 billion, has been tabled by local investment manager Forsyth Barr.
The Auckland head-quartered company has conducted due diligence on the prospect of NZR selling a five per cent stake in its future commercial revenues through an NZX listing and believes investor demand could potentially raise as much as $650m.
Under the terms of the Forsyth proposal – conducted at the request of the New Zealand Rugby Players Association which is not supportive of selling a stake in the national game to US fund manager Silver Lake - NZR would be able to raise between $170m and $190m, with as much as 40 per cent of the offering being open to mum and dad investors who could ....

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The Government's KiwiSaver moves will apply 'competitive pressure' to funds market


The Government s KiwiSaver moves will apply competitive pressure to funds market
14 May, 2021 01:54 AM
3 minutes to read
Finance Minister Grant Robertson has announced a shakeup of Kiwisaver.
Jason Walls is a political reporter for the New Zealand [email protected]@Jasonwalls92
Finance Minister Grant Robertson says the Government s major KiwiSaver shakeup will apply competitive pressure to other private fund managers to slash their fees.
I think and I hope that this will lead to a greater level of competition, and they will lead to a lowering of fees, he told media this morning.
He said that KiwiSaver fees have been too high for too long and the Government s move will help deliver a much-needed shakeup. ....

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Changes to default providers won't lower KiwiSaver fees as Govt hopes, say experts


Changes to default providers won t lower KiwiSaver fees as Govt hopes, say experts
14 May, 2021 05:00 PM
6 minutes to read
The number of KiwiSaver default providers will reduce from nine to six. Photo / Getty Images
Experts have poured cold water on the Government s hopes that a major shake-up to the KiwiSaver default providers will bring down fees across the industry.
And the majority of those appointed as new default fund
providers say the low fees on offer through their default schemes won t be applied to their other funds.
On Friday the Government announced the nine current default KiwiSaver providers would be slashed to six from December 1. ....

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