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 […]
Category Archives: KiwiSaver Articles
Call for KiwiSaver tax changes
Tax changes to KiwiSaver are needed to encourage New Zealanders to start saving enough for their retirements, an AFA has told the Tax Working Group. Drew Hoffman, an authorised financial adviser at Newton Ross, said New Zealanders were saving too little in KiwiSaver – and the lack of tax incentives on the scheme could be […]
Tough quarter for KiwiSaver
Most KiwiSaver funds reported a negative return for the first three months of this year. Morningstar has released its latest KiwiSaver survey, for the March quarter. It shows funds invested in defensive assets outperformed those with a bias to growth. Morningstar said volatility returned to the markets in the first quarter of 2018 and while […]
Smartshares offers new option for advisers
Smartshares is launching a new KiwiSaver structure today that allows advisers to set the fee their clients pay for their advice. Head of funds management Hugh Stevens said there was a lot of discussion in the market about how KiwiSaver advice could be provided to those who wanted it. He said the old structure of […]