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Viewing entries tagged with 'KiwiSaver'

KiwiSaver regulatory review “timely”

10 March 2010

Workplace Savings NZ says it is concerned about the risk of overburdening KiwiSaver providers with regulatory red tape, but otherwise is entirely supportive of any changes to the rules for regulating KiwiSaver that will benefit KiwiSavers over the long term.

KiwiSaver move 'knee-jerk reaction'

10 March 2010

The Minister of Commerce's decision to fast track KiwiSaver regulation is a "knee-jerk reaction", says the chairman of Workplace Savings NZ.

KiwiSaver transfer process needs streamlining

19 February 2010

Workplace Savings NZ - the voice of workplace savings - says streamlining the transfer process between different providers is necessary to improve the KiwiSaver experience.   The comments follow a meeting of KiwiSaver providers in Auckland this week.

Embed with KiwiSaver

15 January 2010

Thanks to New Zealand's best-loved finance writer, Mary Holm, I no longer have to scour the entire Capital Markets Taskforce (CMT) Report looking for the bits that interest me - professionally, that is.

Kiwis may not be such poor savers after all

14 January 2010

Research by Treasury economists casts doubt on the conventional view that we are hopelessly improvident and feckless.  The conventional view is founded on estimates of household saving rates which show households year after year spending more than they earn - $1.14 for every $1 of income in the year to March 2009.  But saving rates are slippery things to grab hold of and measure.

Call for bolder default KiwiSaver

17 December 2009

People who join KiwiSaver but don't choose which fund they want to be in could be put into a more aggressive fund under a recommendation made by the Capital Markets Development Taskforce.  The taskforce yesterday released a 140-page report on its recommendations which included a raft of proposed changes for the managed fund industry, including the Government's KiwiSaver retirement scheme.

Call to clean up KiwiSaver sales

2 December 2009

KiwiSaver providers have been warned about using standover tactics to stop people from changing schemes after complaints were made to the Government's superannuation watchdog.

Dunne: Tax bill brings super portability closer

20 November 2009

A tax bill introduced to Parliament today by Revenue Minister Peter Dunne opens the way for New Zealanders returning home from Australia to bring their retirement savings with them.

The changes are part of the Taxation (Annual Rates, Trans-Tasman Savings Portability, KiwiSaver, and Remedial Matters) Bill.

New KiwiSaver award keeps tab on providers

9 November 2009

David Ireland, Chairman of Workplace Savings NZ appeared on TV3's ASB Breakfast this morning to discuss our new "Peoples Choice KiwiSaver Award".   Click on the link to view the interview with Michael Wilson.

KiwiSaver: cheap at $26m in fees

7 October 2009

Over the 12 months to March 31 this year, KiwiSaver providers collected a total of about $26 million in fees, according to my calculations.