Association of Superannuation Funds of Australia chief executive Pauline Vamos has announced that she will step down in June. Vamos has been in the role for eight and a half years. Her successor will have to carry on ASFA campaigns to change the current contribution cap arrangements to a lifetime cap, get promised superannuation guarantee contribution increases back on track and push for passage of the Government's controversial super fund governance legislation. The Reserve Bank of New Zealand has given approval for Corporate Scorecard, a Veda business unit, to establish a credit ratings agency in New Zealand covering the non-bank deposit-taking sector. New Zealand has 31 licensed non-bank deposit takers and the Non-Bank Deposit Takers Act requires that they have a credit rating from an approved ratings agency. The RBNZ's approval of Corporate Scorecard brings to four the number of credit rating agencies approved under the law. The others are Fitch, Moody's and Standard & Poor's.