Your online guide to KiwiSaver, the Government superannuation scheme
Imposing more regulations on KiwiSaver funds could stifle the best performers, says Fidelity Life chief executive Milton Jennings. Financial Markets Authority chief executive Sean Hughes said there were gaps in the rules relating to KiwiSaver schemes. He says there should be more co-operation between regulators, and suggests “there is no prudential supervision for KiwiSaver.” Prudential …
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After years of repeated tinkering in successive Budgets, KiwiSaver looks set to finally be left alone this year. Prime Minister John Key has announced in a pre-Budget speech that there will be no changes to KiwiSaver tax credits. Last year’s budget saw the government halve the maximum yearly tax credit from $1040 to $520, a …
A savings expert has called for a radical overhaul of the KiwiSaver default system, which would see the current default providers lose their “privileged” position in the market. In the Retirement Policy Research Centre’s latest PensionCommentary, co-director Michael Littlewood has questioned the need to renew the agreements with the six default KiwiSaver providers in 2014, …
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Aon has developed a unique way of promoting its KiwiSaver scheme, giving Registered Financial Advisers a disclaimer that allows them to inform clients about the scheme without advising on it. Good Returns has obtained a copy of the disclaimer, which asks clients to acknowledge that the RFA they spoke to only provided them with “a …