The Government had the opportunity to force KiwiSaver providers to quantify all their fees and add-on charges so that the public could have some certainty about what they were letting themselves in for. Press Release – Gareth Morgan Too many providers have continued the old savings and insurance trick of identifying only fees and telling […]
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Strong awareness, but KiwiSaver still lacks widespread engagement
Despite a marked increase in the public’s awareness of KiwiSaver, the new government retirement savings initiative still doesn’t register a high level of engagement.This is the main finding of the second in a series of nationwide surveys on KiwiSaver undertaken by New Zealand financial and superannuation specialist, ING. The on-line survey polled 600 New Zealanders […]
KiwiSaver will increase our household savings
KiwiSaver will increase our household savings, which have fallen to critically low levels. Excerpt from Dr Michael Cullen’s speech notes for address to EMA Northern CEO Breakfast If we save more, we consume less. Saving builds the wealth of New Zealanders and helps build the pool of assets needed for business investment. Ask Australians. I […]
Aussie mutual into KiwiSaver
Australian mutual, eo, has established a New Zealand arm and already registered a KiwiSaver scheme.Eo financial services New Zealand chief executive Kevin Beasley says Eosaver is already the employer-chosen KiwiSaver scheme for many employees of recruitment and employment services companies in New Zealand. He says eo is building on a foundation of more than 10 […]