A lower Kiwi dollar may make KiwiSaver funds invested internationally look more appealing. Since July, the Kiwi dollar has fallen from US88c to hover around US77c. Research house Morningstar’s survey of the retirement savings scheme providers found those with international exposure had been standout performers over the September quarter. It said the sharp fall in […]
Category Archives: KiwiSaver News
Funds get fee warning
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 […]
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. […]