Passive investment and index funds are partly to blame for more KiwiSaver money being funnelled into businesses that harm the environment, animals or people, says Mindful Money CEO Barry Coates. Of the $98 billion in KiwiSaver, $8.6 billion (8.9%) is invested in unethical stocks, according to new analysis from Mindful Money. This has risen from […]
Category Archives: KiwiSaver News
National’s KiwiSaver splitting: innovation or complication?
National MP Andrew Bayly does not think allowing New Zealanders to split their KiwiSaver savings over multiple providers would be too tricky to administer. Instead it would provide consumer choice and provide a source of funding for infrastructure development among other things, he says, of the new policy, which would allow KiwiSaver members to split […]
National floats allowing KiwiSaver splitting
The National Party says if it is elected it will allow KiwiSaver members to split their savings amongst multiple providers. National has proposed allowing KiwiSaver members to split their savings between multiple schemes. National’s Commerce and Consumer Affairs spokesperson Andrew Bayly says the move will drive innovation, boost competition and putting downward pressure on fees. […]
Startup experts asks govt to ease Kiwi private equity rules
The Startup Advisors Council wants the Government to remove barriers impeding KiwiSavers from investing in local startups. The recommendation is one of 25 in the council’s UpStarts 2023 report, which was commissioned by the Government to find ways to boost the sector. Reserve Bank data shows that of the total $97b held in KiwiSaver funds […]