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Viewing entries tagged with 'Kiwisaver'

KiwiSaver selling practices investigated

4 September 2009

The Securities Commission is investigating complaints of illegal house-to-house marketing of KiwiSaver schemes.   Under the Securities Act, house-to-house selling of securities is illegal unless they are life insurance contracts, Building Society or Co-operative securities.  The Securities Commission uses the term house-to-house as oppose to door-to-door, as the restriction only refers to residential houses - distributors can go from business to business.

More changes for KiwiSaver, says English

7 August 2009

At an Association of Superannuation Funds of New Zealand forum in Wellington, English reiterated that the Government did not intend making drastic changes to the Labour-initiated KiwiSaver scheme.

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.

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. 

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.

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.

Professionals split over KiwiSaver

16 April 2009

Finance and accounting professionals are split over KiwiSaver, with almost half of them not contributing to the scheme, according to results from a survey carried out by recruitment firm Robert Half.