There’s a suggestion New Zealand KiwiSaver schemes could face a fee crackdown similar to that being suggested in Australia. Australia Financial System Inquiry chair David Murray has set a deadline of 2020 for the MySuper default super regime to produce results, and says if it doesn’t, it should be replaced. Among the inquiry’s 44 formal […]
Category Archives: KiwiSaver News
Women less confident about reaching goals
Women are feeling less confident about reaching their retirement savings goals, according to ANZ’s latest retirement savings survey. Overall, 44% of Kiwis feel confident that they are saving enough to pay for their retirement, but women are much less confident than men. The survey of close to 700 people, conducted in October, found 34% of […]
KiwiSaver Bill gets first reading
A Bill that will allow KiwiSaver members to withdraw their Government tax credits as well as their and their employers’ contributions has had its first reading in parliament. The Taxation (KiwiSaver HomeStart and Remedial Matters) Bill also doubles the subsidy available for first-home buyers if they are purchasing a new home, from $5000 to $10,000. […]
Encourage KiwiSaver engagement: ANZ
KiwiSaver members who are engaged with their retirement savings are better placed to take action throughout their lives to reach their goals, ANZ’s general manager of wealth products and marketing, Ana-Marie Lockyer, says. The bank released a survey yesterday showing that half of KiwiSaver members had not checked that their savings were on track to […]