Share market volatility this week caused little concern for KiwiSaver members – and that could be down to financial advisers doing their job. Booster chief investment officer David Beattie said his organisation had received just one call after US markets dropped at the beginning of the week. He said that could be because the Booster […]
Category Archives: KiwiSaver Articles
KiwiSaver ‘shouldn’t be only scheme with perks’
The Government should think about offering other tax-advantaged investment vehicles if it wants to break New Zealanders’ focus on residential property, says Rebecca Thomas, chief executive of Mint Asset Management. She said it was currently a hard sell to promote managed funds, when it was KiwiSaver stacked with incentives. Data from Milford shows that over […]
Savers may be better off with govt fund: Treasury
Savers would be better off in a government-run KiwiSaver scheme, new data suggests. As part of coalition negotiations in October, the Green Party asked Treasury to do some analysis of the cost to establish and run a default public KiwiSaver fund and the potential savings benefits for average KiwiSaver members at retirement. A scheme administered […]
KiwiFund could have unfair advantage
A Government-run KiwiSaver scheme would have an unfair disadvantage that could push other providers out of business. The KiwiFund Bill has been drawn from Parliament’s members’ bill ballot. If it’s passed it would put in motion an independent working group to establish a government-run and owned KiwiSaver scheme, KiwiFund. It’s an idea that NZ First […]