A one-off enrolment of all salary and wage-earners who are not KiwiSaver members would likely cost more than it would deliver in benefits, a Treasury report says. The report, prepared for Finance Minister Bill English last year, has been released under the Official Information Act. The Government has previously said it intended to carry out […]
Category Archives: KiwiSaver News
Five-year KiwiSaver break too long
KiwiSaver members should not be allowed to “set and forget” a five-year contributions holiday, providers and industry commentators say. Members can choose to opt out of their contributions for five years at a time. At the end of that period, they are asked whether they want to roll over on to another contribution holiday. If […]
KiwiSaver well-positioned for 2016
Aggressive and growth funds are likely to continue to top the KiwiSaver performance tables through 2016, an analyst says. On a three-year annualised basis, aggressive and growth funds have been the clear standouts, returning 11.9% and 11.5% respectively according to research house Morningstar. That is well ahead of balanced funds’ average 9.7%, moderate funds’ 7.3% […]
Advisers vital for KiwiSaver: Beattie
Many KiwiSaver members do not feel they have enough money in their accounts to make seeking advice worthwhile, even if the service is free, one provider says. Grosvenor is a new default provider of the saving scheme. As part of its service to clients, it offers them access to an adviser. Each new member who […]