Author Archives: admin

The NZ Herald published a feature article on retirement income savings on February 28. The author was strongly critical of the New Zealand Superannuation Fund’s construct and recent performance. In response, Adrian Orr chief executive of the Guardians of New Zealand Superannuation had the following to say: The fund is a simple concept. The government […]

Unite has signed up “hundredsâ€? of its 28,000 members to the Huljich KiwiSaver scheme, according to the union chief, Matt McCarten. McCarten said while member sign-ups to Huljich have been minimal “this is just the start of the relationshipâ€?. “This really a trial to see how it works,â€? he said. Unite, which bills itself as […]

The Sorted website has been updated to include information for employers about the changes to KiwiSaver which come into effect on 1 April. From 1 April employees will be able to change their contribution to the scheme from 4% of their gross pay to 2%, while the compulsory employer contribution will increase from 1% to […]

Constant legislative changes to KiwiSaver are detracting from the original message behind the scheme of savings awareness and financial literacy. The Association of Superannuation Funds of New Zealand (ASFONZ), which promotes workplace savings, held two forums recently, in conjunction with Inland Revenue, which involved nearly all providers of KiwiSaver schemes. The Auckland and Wellington forums […]