Your online guide to KiwiSaver, the Government superannuation scheme
The Inland Revenue Department, which administers the government-sponsored superannuation scheme, is keeping an eye on distributors of KiwiSaver products to help avoid any confusion over where people’s money is being held. It has received feedback that some KiwiSaver account holders were confused as to where their money was kept if they signed up with companies …
Continue reading “White labelled KiwiSaver schemes under IRD spotlight”
Finance Minister Bill English will discuss the portability of superannuation with his Australian counterpart Wayne Swan at their annual meeting on July 16, and the country could stand to gain a “considerable amount” of some $16.6 billion that’s held in “lost accounts” by Australian super schemes. While the details are yet to be discussed, …
Continue reading “Finance ministers to look at super portability, $16.6b in ‘lost accounts’”
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. That’s according to the Association of Superannuation Funds of New Zealand (ASFONZ) which promotes workplace savings. 1 …
KiwiSaver – 31 May 2009 Sector Top performer in its sector Fund Return over 3 mth Sector Avg over 3 mth Sector Avg over 1 yr Diversified Defensive ASB Firstchoice Active Conservative 4.30% 2.36% 1.80% Diversified Balanced SmartKiwi Balanced 9.23% 4.86% -7.36% Diversified Growth Fisher Funds Growth 20.92% 8.46% -14.43% Note: …
Continue reading “FundSource shows retail managed funds performance to 31 May 2009”