Bernard Hickey talks with Marcus Lush on Radio Live at 6.50 am about soft compulsion for KiwiSaver; Tony Molloy's finance industry blast and forecasts for a quiet Christmas for retailers

Bernard Hickey talks with Marcus Lush on Radio Live at 6.50 am about soft compulsion for KiwiSaver; Tony Molloy's finance industry blast and forecasts for a quiet Christmas for retailers

Bernard Hickey and Marcus Lush talk every weekday morning just after 6.50 am about business, economics, markets and personal finance.

Every weekday morning just after 6.50 am I talk with Marcus Lush on Radio Live about the latest news in business, markets, economics and personal finance.

I usually send through suggestions the night before or earlier in the morning.

Sometimes we veer off into other areas or pick up on things that happen overnight.

But here's my suggestions as of 6.30 pm this evening. I'll update later with a link to the audio.

Marcus,

1. The government is planning to offer 'soft compulsion' for KiwiSaver from 2014/15 if it's in surplus then. This means everyone will be auto-enrolled and they have the choice of opting out after that. Currently you only get auto-enrolled when you change jobs or join the workforce.

This is a good idea, but should be done sooner. And the government should be moving to surplus sooner. See more here in our article.

2. QC Tony Molloy has slammed the predatory culture of New Zealand's finance community in the way it allowed Mums and Dads to be fleeced in finance companies.

In a report to Parliament's Commerce Select Commitee he slammed everyone from trustees, regulators, auditors, lawyers, executives and the IRD for the way it allowed the development of finance companies. See the full article here.

3. Thank goodness May Wang and Natural Dairy didn't get their hands on Crafar Farms.

Hong Kong's anti-corruption police have filed charges alleging May Wang and Jack Chen with bribery and money laundering. See more here in our article.

4. It's good to see consumers being reluctant to use their credit cards this Christmas, according to figures from Dun and Bradstreet. See our article here.

cheers
Bernard

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stunning poll results today  ,eh Bernard ? - could be a discussion point too

Sixty two percent of New Zealanders believe the country is heading in the right direction according to the latest Roy Morgan poll.

847 people were asked which party they would vote for in the November 26 election and if they had confidence in the direction the country was heading.

Only 24.5 percent of those surveyed believe the country is heading in the wrong direction.

National's support is up four points, sitting at 55.5 percent, while Labour is down 2.5 points to 28 percent.

The Greens are also down two, sitting at 9.5 percent, and no one else reached the five percent threshold.      EAT THAT pdk steven scarfie & co !

 

 

Funny how you involve me with a thread about politics Gonzo, just really shows you don't pay attention.

Just like the rest of the Muppets in that poll eh.

How many of those polled, and yourself gonzo are aware of this little beauty...

http://www.legislation.govt.nz/bill/government/2010/0160/latest/DLM2995811.html

 

Just imagine the ramifications of this once its passed! Time to grow up and wake up morons !