About 78% of New Zealanders support making KiwiSaver compulsory and 73% support an increase in contribution rates, according to a survey commissioned by the Financial Services Council. The council, whose members are KiwiSaver providers, said the survey of 2,000 people was conducted by CoreData. "As an additional indicator of support, over 75% of respondents thought […]
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ASB KiwiSaver comes out poorly in survey
ASB KiwiSaver ranks last for customer satisfaction, Consumer NZ survey finds. Just 43% of ASB customers were happy with the service they were getting. Consumer NZ chief executive Jon Duffy said ASB’s score was significantly below the market average of 55%. “ASB also scored below average on all our key satisfaction measures. Just 37% of […]
Kiwi Wealth to invest up to $50 million in Pioneer Capital
Kiwi Wealth KiwiSaver has committed up to $50 million to leading investment firm Pioneer Capital with a focus on New Zealand businesses exporting high-value products and services in large international markets. The commitment is part of Pioneer Capital’s latest $300 million fund – Pioneer Capital Partners IV – and sees Kiwi Wealth joining cornerstone investors […]
KiwiSaver funds bankroll community housing
Generate and Caresaver KiwiSaver are backing a community housing initiative seeking to raise $100 million in funding for as many as 300 low-cost houses, much of it to be built on unused urban church land. Community Finance said it had reached the halfway stage of its Aotearoa Pledge targets, with cornerstone commitments of $10m each […]