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There will be growing demand for retirement income products as KiwiSaver matures, the author of a new report on pension policy says. Mercer has this year expanded its Melbourne Mercer Global Pension Index to include New Zealand. The index reviews global pension systems and assesses the benefits they provide, their sustainability in the context of […]

KiwiSaver providers have been told they must do better, as the amount they earn in fees soars. Financial Markets Authority chief executive Rob Everett says KiwiSaver has now reached the size where providers might be able to trim fees, but that is not happening, and providers must do more to engage their members. The regulator […]

KiwiSaver provider Simplicity has signed a deal with variable annuity firm Lifetime Retirement Income, to provide a new KiwiSaver fund that offers retirees an income for life. It is launching the Simplicity Guaranteed Income Fund, which members can switch to as they approach retirement. Then they receive 5% of their final KiwiSaver balance for life, […]

There should not be a need for finance companies to tap into borrowers’ KiwiSaver accounts when they default on a loan, one provider says. The Commerce Commission has revealed that it has been told finance companies think they can access borrowers’ retirement savings if they fall behind on their loans. In its latest Consumer Issues […]