Mercer New Zealand seminar: London

Article Abstract:

William M. Mercer Ltd. sponsored a seminar on corporate superannuation in New Zealand in London. During the seminar, speaker Louis Boulanger provided the audience with a background on New Zealand's superannuation scheme and noted that most of the country's growth is concentrated in retail activities. He also emphasized the impact of the electoral system and governmental policy on the financial market of New Zealand. Boulanger further mentioned the major working groups required by the government to probe into private retirement provisions. The new Coalition government aims to focus on individual savings, instead on pensions.

Conferences, meetings and seminars, Social policy, London, England, New Zealand, William M. Mercer Ltd.

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The superannuation surcharge in Australia: a change of government results in a new direction

Article Abstract:

The Australian Liberal/National government's creation of a superannuation surcharge was finalized on June 1997 and is retroactive to August 20, 1996. The new charge is imposed on employer contributions to superannuation for individuals earning above 70,000 Australian dollars and some 15% more for those earning above 85,000 Australian dollars. The move has been highly criticized by the superannuation industry due to its excessive cost and inefficiency.

Tax Law, Public Finance Activities, Management, Australia, Laws, regulations and rules, Tax policy

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Let them eat annuities

Article Abstract:

Annuities are instruments designed specifically to convert account balances into stream of income, allowing everyone to buy annuity when they retire. Chile is the most thriving market for annuities as most of the institutions providing annuities are foreign owned or joint venture with foreigners and this may be the reason that provides credibility factor, which is helpful to the evolution of market.

United States, Evaluation

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