Labour’s proposal to apply a capital gains tax to investments in shares – unless they are part of KiwiSaver – could encourage people to move out of more liquid investments, one fund manager says. David Cunliffe told media yesterday that the 15% capital gains tax his party is proposing would not apply to KiwiSaver but […]
Category Archives: KiwiSaver Articles
Leave KiwiSaver alone: Commentator
Governments need to stop tinkering with KiwiSaver, one banking commentator says. Claire Matthews, of Massey University, said it was disappointing to see National proposing further changes to the scheme. It announced last week it would increase the amount of money available as a deposit subsidy to first-home buyers purchasing a new home, and allow them […]
Concern at conservative fees
Many conservative KiwiSaver funds aren’t delivering returns to justify their fees, Morningstar’s co-head of fund research says. The firm released its KiwiSaver survey yesterday, which is designed to help investors assess the performance of their KiwiSaver options. Morningstar Australasia co-head of fund research Chris Douglas said global markets had bounced back in the quarter and […]
KiwiSaver beat expectations, but could be better: FSC
KiwiSaver has been the New Zealand’s most successful savings innovation in the last hundred years, the Financial Services Council says. Chief executive Peter Neilson said, seven years after its launch, there were a number of reasons why it had beaten expectations. He said the main reasons were that for those who found it hard to […]