Your online guide to KiwiSaver, the Government superannuation scheme
Mercer, the only default KiwiSaver provider without a distribution network, has reduced fees on its funds. It says the reduction is “in response to consumer demand for competitive pricing” and warns investors could be missing the point by focusing on the level of fees alone. Mercer’s New Zealand boss, Martin Lewington, says a lack of …
Continue reading “KiwiSaver fee disclosure needs to improve: Mercer”
Family members will no longer be able to sign children up to KiwiSaver after refinements are made to the KiwiSaver scheme in the forthcoming tax bill. Currently anyone can sign-up a child under 18 to the retirement savings scheme, and once the child is working and earning an income, he or she has to contribute …
Continue reading “Signing up children as KiwiSavers is about to get harder.”
With returns of 15.2% in the quarter and 20.3% in the past 12 months, Fisher Funds was the best performer in the two growth categories. The annual median growth fund return was 1.2% with a quarterly return of 10.8%, according to the survey. “In the last six months balanced and growth funds have pegged back …
Continue reading “Fisher Funds growth fund tops KiwiSaver survey”
Legislation allowing New Zealanders returning home from Australia to bring their retirement savings with them will be introduced to Parliament in about two weeks, Finance Minister Bill English says. Providing the necessary law changes are made in Australia, it is envisaged the new arrangements will take effect in the second half of next year. Currently, …
Continue reading “Super portability included in November tax bill”