New research from Inland Revenue shows many KiwiSaver members don’t understand how the tax credit works, or what it is. The Commission for Financial Capability is calling for action from providers to ensure that more people in KiwiSaver receive one of its main benefits: the $521 member tax credit (MTC) paid to members by the […]
Category Archives: KiwiSaver Articles
Documents shorter but still dense
New product disclosure statements that were meant to be easier to understand still contain a large number of specialist financial terms, researchers say. Research by associate professor Aaron Gilbert and Ayesha Scott at AUT Business School Department of Finance has shown, on average, KiwiSaver PDS documents delivered under the new Financial Markets Conduct Act framework […]
Strategi launches KiwiSaver course
Strategi has launched an NZQA-accredited course for people who want to offer advice on KiwiSaver. “KiwiSaver is the backbone to many peoples’ retirement and it is essential they have access to quality advice and can make informed decisions about their future finances”, said David Greenslade, managing director of the Strategi Institute. “Advising on KiwiSaver is […]
KiwiSaver knowledge too low: Survey
Fewer than one in four New Zealanders are confident in their knowledge of KiwiSaver, a sign that the industry could do better, one bank economist says. ASB has released its latest KiwiSaver survey, which showed it was the second most common investment for New Zealanders, behind bank accounts. But only 24% of respondents felt they […]