Been in Asia, Singapore, Taiwan, Australia China etc last few weeks. Lots of headlines on excessive fee’s re managed investment funds, poor performance of Actively managed, investment funds, and low wage growth over the last decade for low and middle income groups.
Surprised not me, same issues as NZ, the problem is not much has been done to change the situation, entrenched patterns and expectations continue to hold sway!
Next newsletter out shortly!!!!
Date: Friday 26 April 2019
Venue: The University of Auckland Business School, Level 0, Case Room 3, 12 Grafton Road, Auckland, 1010
Registration (includes lunch and refreshments) $65
All-day parking at the Business School $12
An overview of the RPRC and PPI Summit taking place on 26 April 2019.Outline:
The Retirement Income Policy Review terms of reference have been released by the Government, and a project manager for the review is appointed at the Commission for Financial Capability. In line with this Government’s emphasis on wellbeing and sustainability, the terms of reference stress that the review must assess “the effectiveness of current retirement policies for financially vulnerable and low-income groups, and recommendations for any policies that could improve their retirement outcomes”.
The RPRC’s public Summit at the University of Auckland Business School will examine some of the issues, including: the fiscal impact of ageing, the future shape of the age pension in New Zealand, KiwiSaver, intergenerational equity, the changing nature of work, the capacity of the health sector, the health of the financial sector, and lessons for New Zealand from international developments in finance and pensions.
New Zealand experts on retirement income policy issues will share their thinking on the various issues set out in the Terms of Reference. Among these are Diana Crossan, former Retirement Commissioner; Matthew Bell, Treasury; Judith Davey, Institute for Governance and Policy Studies; Richard Klipin, EO Financial Services Council; Len Cook, former Chief Statistician for New Zealand and the UK.
International speakers, including David Harris, MD TOR Financial Consulting Ltd; and Calvert Duffy, an Australian Governance, Risk and Compliance consultant; will comment on likely implications and possible lessons from overseas events including the Australian Royal Commissions.
For more information, contact:
Dr M Claire Dale
Posted Alec Waugh 19 April 2019