The Real Property KiwiSaver Scheme (RPKS) was closed down in May and the funds of members are now to be distributed to other providers. RPKS director Lindsay Hay says a bulk cheque from the funds has been given to Prince Partners to distribute. He says about 90% of RPKS members have chosen a new KiwiSaver […]
Monthly Archives: October 2010
Compulsory KiwiSaver not necessarily silver bullet
Making KiwiSaver a compulsory savings isn’t the silver bullet to address New Zealand’s dismal savings record, with the evidence across the Tasman unclear, according to the Savings Working Group. The group’s chairman, Kerry McDonald, told a media briefing in Wellington the group was using Australia as a “laboratory” to draw on the experience across the […]