News

KiwiSaver turns two

1 July 2009

KiwiSaver - and workplace savings as a whole - are at a cross roads. A big challenge for industry and policy makers is how best to encourage employers to remain engaged in assisting their employees with their savings.

New Australia-NZ double tax agreement signed

29 June 2009

The introduction of a new double tax agreement between Australia and New Zealand took a major step forward with the signing today of an agreement that, once in force, will replace the existing 1995 double tax agreement.

Trans-Tasman savings portability – will the tax changes go far enough?

24 June 2009

An announcement on the detail of a trans-Tasman retirement savings portability scheme may be imminent, with effect possibly as early as the first quarter of next year.  The package, which represents the culmination of more than two years' work by officials, addresses some of the tax issues involved in creating a single trans-Tasman market for superannuation. 

Crisis makes Kiwis more financially savvy

22 June 2009

First the good news: Since the Retirement Commission last assessed our financial intelligence back in 2006, we have got smarter.

First KiwiSaver fund to close

5 June 2009

Eosaver, the KiwiSaver scheme owned by Australian firm Eo Financial Services, has decided the market is too crowded and, rather than look for an alternative, has become the first provider to walk out the door.

Budget announcements - superannuation

29 May 2009

Automatic Government contributions to the New Zealand Superannuation Fund will be suspended for 11 years. And KiwiSaver mortgage diversion facilities will be closed to new applicants from 1 June. 

Union KiwiSaver scheme confirms Gareth Morgan tie up

22 May 2009

IRIS KiwiSaver, which was set up by four unions, is to be wound up and Gareth Morgan KiwiSaver (GMK) will market a product to union members instead.

First KiwiSaver fund merger to be announced

20 May 2009

The first big consolidation among the KiwiSaver providers is due to be unveiled tomorrow, with the union-backed IRIS scheme poised to make an announcement.

'Let Saver fund assets'

18 May 2009

Transmission Gully could be one of a host of shelved projects to get the green light under a radical idea that would see KiwiSaver funds channelled into long-term strategic infrastructure assets.

Break-even point for saving-scheme providers pushed past five years

11 May 2009

Talk to any major KiwiSaver provider and they will say setting up the Government superannuation saving scheme has been a hugely expensive exercise.