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Labour’s proposal to increase KiwiSaver contributions is a welcome move, the Financial Services Council says. Under a Labour Government, all employees who are not already KiwiSaver members would be enrolled next October. A year later, their minimum contribution, and that of their employers, would increase from the current 3% at a rate of a quarter […]

KiwiSaver members are being reminded to make sure their annual contributions for the 12 months to June 30 are sufficient to ensure they get the full government hand out. For every dollar a member puts into their KiwiSaver account, the government puts in 50 cents – up to a maximum of $521.43 each year. The […]

Although there are a number of KiwiSaver funds marketed as ethical or socially responsible, the Sustainable Business Network, is seeing how much interest there is a new fund. The Network has launched  a survey which aims to identify demand and create a sustainable KiwiSaver fund for New Zealand. It says that KiwiSaver funds currently have little to […]

New Zealanders with a mortgage have even more enthusiasm for compulsory KiwiSaver than New Zealanders generally, says the Financial Services Council. It had been suggested that those with a home loan might be less likely to support a compulsory retirement savings scheme if it meant it took them longer to pay off their mortgages. But […]