Bill coming to allow transfer of pension assets from Australia to NZ

clock

NEW ZEALAND - Legislation allowing new Zealanders working in Australia to move their retirement savings back to their home country will be introduced into Parliament in the next two weeks, said minister of finance Bill English.

The legislation is part of an agreement between the two countries that will allows the repatriation of assets, and more broadly, part of an effort to create a single economic market consisting of A...

To continue reading this article...

Join Professional Pensions

Become a Professional Pensions Lite Member today

  • Three complimentary articles per month covering the latest real-time news, analysis and opinion from the industry
  • Receive important and breaking news stories via our two daily news alerts
  • Hear from industry experts and other forward-thinking leaders

Join now

 

Already a Professional Pensions
member?

Login

More on Australasia

VFMC returns 3.61% in Q1

AUSTRALIA - The A$36.1bn ($38.6bn)Victorian Funds Management Corporation (VFMC) has reported overall of 3.63% Q1 and an annual return of 8.43%.

Rachel Alembakis
clock 13 May 2011 •

Online feature: Taxing times

Rachel Alembakis looks at how Australian schemes are reducing the impact of taxation on investment returns.

Rachel Alembakis
clock 07 September 2010 •

Australian Super funds return 4.5% pa over decade

AUSTRALIA - Australia's biggest Super funds have returned an average of just 4.5% a year over the past decade as a result of the global credit crisis, figures reveal.

clock 28 July 2010 •
Trustpilot