Fantastic news.!!
Born again Tooth Fairy!!!
Printable View
Receivership and liquidations are different - I think it would be unlikely ACC would appoint a receiver, more likely file for a liquidation - it is normally the securred creditors that call for a receivership. IRD would by far seek to liquidate the most companies in NZ, in part because they have a team to do it, even if the balance is reasonably small. Your average M&D business will just write of the debt as the court costs etc normally outweight the benefit, especeilly since the liquidated company normally has no funds left after the secured creditors are paid (including the owners family trust).
not so sure about reverse mortgages but i think annuities are going to be big.....kiwi saver accounts are getting bigger and the government set up kiwi saver to ease the governments cost of retirements...at this stage its costing them..ie $1000..kick start etc....so at some stage your kiwi saver accounts are going to fund your own retirement...it amazes me when people write in and say my kiwi account will have $100,000 when i get to 65 so will go on oversees trip and blow the lot then i,ll go on government super...sorry aint gonna happen...you will have to buy an annuity.....even the financial advisers wont admit this cos their not going to rock the boat in case they upset the gravy train
I agree that it won't take much in the way of "Jim blew his kiwisaver money" stories for the pressure to come on "to protect Kiwi savers from themselves".
Scary.
However I note that the Brits have just dumped the "compulsory annuity" aspect of their super scheme after an ongoing outcry about the amount being made by the provider in relation to the amount paid to the beneficiaries.
interesting about the britz....must admit am not sure when and how which government will tie up everyones kiwi saver......it will become compulsory first with no opt out option.... but it wont be a popular decision...could possibly loose them the election unless they do it in first term of new parliament
Well I would have expected my SPP refund by now. Has anybody else received theirs?
I note that there has been a earnings upgrade from an analyst. See http://www.reuters.com/finance/stock...?symbol=HNZ.NZ
FY15 earning per share now 9.9c for one broker.
Has anybody seen the report? Anything interesting to note? Was it due to the acquisition or other factors. Also interested what the broker forecasted for FY14 (NPAT)?