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Prime Minister John Key has signalled the Government is considering further changes to KiwiSaver that could see everyone in employment auto-enrolled into the savings scheme. Key said auto-enrolment would be an option included in a discussion paper to be made public in the next few weeks and that the Government was asking IRD and the […]

OnePath and ASB remain the dominant players in the KiwiSaver market, with 45.40% of KiwiSaver assets between them, according to the Morningstar KiwiSaver Performance Survey for the June quarter. Morningstar’s co-head of fund research, Chris Douglas, said that while KiwiSaver results for the second quarter were mixed, largely due to the high Kiwi dollar creating […]

Total KiwiSaver membership topped the 1.75 million mark in June despite a downturn in the sign-up rate, according to KiwiSaver provider Tower Investments.   Chief executive Sam Stubbs said that while the membership milestone was passed, “growth rates for KiwiSaver sign-ups fell after the Government’s Budget announcements of late May.” “Anecdotal evidence indicated that public […]

Changes to the number and nature of KiwiSaver default scheme providers is “worth examining in slower time”, according to a Treasury paper on Budget 2011 KiwiSaver reforms. The paper, dated February 18, is one of a host released by the Treasury last week relating to Budget 2011. The paper also revealed Ministers rejected proposals for […]