More than a third of MPs are members of a KiwiSaver scheme, according to the latest register of pecuniary interests. Of the 122 MPs, 44 are signed up to a KiwiSaver scheme. The highest proportion of members was within the Green Party, with five out of nine MPs joining the scheme. Across the remaining parties […]
Category Archives: KiwiSaver News
Key defends KiwiSaver changes against S&P criticism
Prime Minister John Key has dismissed comments from Standard & Poor’s analyst Kyran Curry that changes to KiwiSaver will increase national debt levels. Speaking to Radio New Zealand, Curry said that while Government spending did need to be brought under control it should not be at the expense of household savings. His comments came after […]
Ahead of changes, KiwiSaver popularity rises
KiwiSaver is the third most popular investment class in the country, with 12% of New Zealanders believing it offers the best rate of return, according to the latest ASB Investor Confidence Survey. KiwiSaver came in at joint third with bank savings accounts, behind term deposits in first place with 19% and rental property at 15%. […]
OnePath, two milestones
OnePath has announced it has achieved two KiwiSaver milestones with over 400,000 members enrolled in its four KiwiSaver schemes and $2 billion in funds under management. With nationwide KiwiSaver membership at 1.7 million, ANZ fund manager OnePath now leads the industry with almost one in four KiwiSaver enrolled in its schemes. “We’re proud to have […]