KiwiSaver fees are “highly competitive” with the fees charged by much larger Australian and British peers, according to analysis by Deloitte Consulting Australia commissioned by Generate KiwiSaver. It also found that the fees charged on default KiwiSaver funds are on average lower than the fees charged to members of similar default fees in Australia and […]
Category Archives: KiwiSaver News
Select committee against bill to limit use of KiwiSaver as part of pay package
The majority of the Finance and Expenditure Committee doesn’t think a bill to make it harder for employers to include KiwiSaver contributions in employees' pay should be passed. The Employment Relations (Protection of KiwiSaver Members) Amendment Bill introduced by Labour bank bencher Dr Tracey McLellan last year, aims to restore some financial protections originally given […]
KiwiSaver reform next steps – bail up a politician
The Retirement Commissioner has made her recommendations for improving KiwiSaver and wants help from members of the financial services industry to get politicians to actually read it. She also wants the financial advice sector to get some cohesive messaging about products and services for retirement planning. Speaking on a Harbour Asset Management webinar about the […]
KiwiSaver not hot on Kiwi markets
KiwiSaver funds under management increased 7.2% for the first quarter of the year (from $107.5 billion to $115.2 billion) to deliver 18.6% over the previous 12 months, but the value of NZ assets fell for the quarter. The value of KiwiSaver NZ assets decreased 4.17%, from $49.1b at the end of December 2023 to $47.1b […]