New Zealand’s financial advice sector is cautiously optimistic about plans for KiwiSaver annual statements to show members what their projected balances could produce in income. Commerce and Consumer Affairs Minister Kris Faafoi is seeking feedback from KiwiSaver providers on the introduction of the new information. “We want people to have access to clear, easy-to-understand information […]
Category Archives: KiwiSaver Articles
KiwiSaver incentives ‘don’t help those who need it most’
Concerns about KiwiSaver creating inequity in the retired population would be better tackled by abolishing the scheme entirely than introducing new tax incentives to get people saving more, the working group considering the future of tax policy has been told. The Tax Working Group recently took submissions from the public on New Zealand’s tax system. […]
Conservative attitude a bigger problem than fees: McLachlan
New Zealand’s fund management industry should do more to help shake Kiwis out of their too-conservative approach to investing, one KiwiSaver manager suggests. Bruce McLachlan, chief executive of Fisher Funds, said his firm’s modelling showed the optimal strategy for a mid-50s investor was to have 60% growth assets at 55 and more than 40% at […]
KiwiSaver rules for MPs – even if their scheme doesn’t exist any more
MPs including the Commerce Minister claim to be part of a scheme that was wound up five years ago. Good Returns checks out the latest register of pecuniary interests to find out where MPs have their money. If the working group pondering potential tax changes for New Zealand alters the incentives around KiwiSaver, most MPs […]