More than twice as many KiwiSaver customers switched provider in the past year than in the same period the year before – prompting the FMA to warn that transfers must be done in the best interest of the customer. The FMA has released is KiwiSaver report for the year to June 30. It shows the […]
Category Archives: KiwiSaver Articles
AMP offers death benefit to KiwiSaver members
AMP has announced it will offer a free accidental death benefit up to $100,000 to existing AMP KiwiSaver scheme members and those who join before the end of 2014. If an eligible members dies as a result of an accident between September 1, 2014 and December 31 next year, AMP will make a lump sum […]
Kiwis miss out on $400m
ANZ Investments says KiwiSaver members missed out on $400 million in member tax credits from the Government in the last year. Each year, the Government will provide up to $521 as a Member Tax Credit to every KiwiSaver member who contributes a minimum $1042 in the year to June 30. ANZ Wealth New Zealand managing […]
How much work is KiwiSaver for advisers?
KiwiSaver advice does not need to be particularly time consuming for financial advisers, one provider says. Many advisers have said it is hard to make a living from KiwiSaver, and the amount of time spent on helping clients with the Government savings scheme was not reflected in the commission they would earn. Advisers get, on […]