Your online guide to KiwiSaver, the Government superannuation scheme
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 …
Continue reading “KiwiSaver ‘shouldn’t be only scheme with perks’”
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 …
Continue reading “Savers may be better off with govt fund: Treasury”
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 …
New Zealanders have missed out on KiwiSaver returns because of their lack of exposure to the local share market, one manager says. Milford Asset Management executive director Brian Gaynor has rejected calls for KiwiSaver to be made compulsory, saying it would take the competitive onus away from fund managers. But he said changes were needed. …
Continue reading “KiwiSaver should invest more in NZ: Gaynor”