Advice is important to make sure New Zealanders get the most out of KiwiSaver, the country’s biggest provider says – but it suggests much of it should be supplied free. ANZ has released a survey and whitepaper to mark the 10th anniversary of the retirement savings scheme. It called for the scheme to be made […]
Category Archives: KiwiSaver News
KiwiSaver members don’t understand MTC
New research from Inland Revenue shows many KiwiSaver members don’t understand how the tax credit works, or what it is. The Commission for Financial Capability is calling for action from providers to ensure that more people in KiwiSaver receive one of its main benefits: the $521 member tax credit (MTC) paid to members by the […]
Documents shorter but still dense
New product disclosure statements that were meant to be easier to understand still contain a large number of specialist financial terms, researchers say. Research by associate professor Aaron Gilbert and Ayesha Scott at AUT Business School Department of Finance has shown, on average, KiwiSaver PDS documents delivered under the new Financial Markets Conduct Act framework […]
Strategi launches KiwiSaver course
Strategi has launched an NZQA-accredited course for people who want to offer advice on KiwiSaver. “KiwiSaver is the backbone to many peoples’ retirement and it is essential they have access to quality advice and can make informed decisions about their future finances”, said David Greenslade, managing director of the Strategi Institute. “Advising on KiwiSaver is […]