Category Archives: KiwiSaver News

Don’t Dismantle KiwiSaver To Pay For Tax Cuts For High Income Earners — “KiwiSaver is good news for many workers, and the government and employer contributions shouldn’t be scrapped to help National pay for tax cuts that deliver the biggest benefits to those on high incomes,” CTU secretary Carol Beaumont said yesterday. “The main income […]

Changes to KiwiSaver announced in this year’s Budget have turbo-charged the semi-sompulsory savings scheme, however they don’t go far enough. A poll of senior finance industry representatives conducted by Finsia, the Financial Services Institute of Australasia, reveals that majorty of respondent want more incentives in the scheme. Finsia says that 57% believe “that more incentives […]

NZX investment subsidiary Smartshares is launching a Kiwisaver scheme. Called SmartKiwi, the company believes that KiwiSaver will deliver strong benefits to New Zealand’s capital markets, and the economy at large. The SmartKiwi offering will have three investment options to choose from, a high growth option consisting of equities only, split between NZX and ASX stocks; […]

Westpac is launching a ‘capital protected’ option for its KiwiSaver to address the security concerns of potential investors. The launch comes just as criticisms from industry agent provocateur (and KiwiSaver provider) Gareth Morgan that KiwiSaver is not government guaranteed have been widely reported, although Westpac has been planning the product well before those criticisms were […]