The Tax Working Group’s recommended tweaks to KiwiSaver are proof that any capital gains tax shouldn’t touch shares, retirement policy researchers say. The group released its final report last week, recommending a broad capital gains tax across all investment assets, including shares and business IP. It would mean fund managers would have to apply a […]
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Concerns KiwiSaver bill could be stopped
There are concerns that a bill that would make it easier for foster children to access KiwiSaver may be stopped in its tracks. The private member’s bill was introduced by National P Hamish Walker and would allow any foster parent to approach a KiwiSaver provider to open an account for a foster child in their […]
AFA offers digital KiwiSaver solution
An authorised financial adviser who has been granted an exemption to offer personalised roboadvice says the process was an involved one. Clive Fernandes is director and founder of National Capital, a financial advice firm that focuses on KiwiSaver. It is the fourth business to be granted the exemption by the Financial Markets Authority, behind Kiwi […]
Advisers stepping in where Govt scheme lacking
Financial advisers are stepping in while the Government 'does nothing' to ensure KiwiSaver works for New Zealanders, one market commentator says. The recent Morningstar KiwiSaver report showed some of the schemes that deal most commonly with financial advisers were lagging behind industry average returns. In the year to December, default KiwiSaver funds returned an average […]