IRD is in talks with its counterpart in Britain after moves that have meant New Zealand KiwiSaver schemes can no longer accept British pension transfers without penalty. A Qualifying Recognised Overseas Pension Scheme (QROPS) is a scheme that meets requirements set out by Britain’s HM Revenue and Customs (HMRC). British migrants can transfer their UK […]
Category Archives: KiwiSaver Articles
KiwiSaver drives managed funds lift
Growth in retail funds under management was concentrated in KiwiSaver funds in the first quarter of this year, FundSource research shows. Its Retail Managed Funds Industry Trends and Market Composition report for the March 2015 quarter shows KiwiSaver inflows of $987 million. That was up from $949 million in the December quarter of 2014. Total […]
KiwiSavers reminded not to miss out
ANZ is running a campaign to remind KiwiSaver members to contribute enough to get their $521 free from the Government. The campaign will run for two months. The Government provides $521 as a member tax credit each year to KiwiSaver members who contribute at least $1042 to their accounts in the year ended June 30. […]
KiwiSaver funds misclassifying risk: Research
Some KiwiSaver providers are incorrectly indicating the risk category of their funds, new research shows. The research by Randall Clement, with Henk Berkman and Annie Zhang, recently won an FMA research prize. It is due to be published in the journal New Zealand Economic Papers. Sorted, FMA and Morningstar all rank funds according to their […]