Unite has signed up “hundredsâ€? of its 28,000 members to the Huljich KiwiSaver scheme, according to the union chief, Matt McCarten. McCarten said while member sign-ups to Huljich have been minimal “this is just the start of the relationshipâ€?. “This really a trial to see how it works,â€? he said. Unite, which bills itself as …
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Info about KiwiSaver changes availible
The Sorted website has been updated to include information for employers about the changes to KiwiSaver which come into effect on 1 April. From 1 April employees will be able to change their contribution to the scheme from 4% of their gross pay to 2%, while the compulsory employer contribution will increase from 1% to …
Stability key for KiwiSaver providers
Constant legislative changes to KiwiSaver are detracting from the original message behind the scheme of savings awareness and financial literacy. The Association of Superannuation Funds of New Zealand (ASFONZ), which promotes workplace savings, held two forums recently, in conjunction with Inland Revenue, which involved nearly all providers of KiwiSaver schemes. The Auckland and Wellington forums …
KiwiSaver enters Reserve Bank stats with style
KiwiSaver was the only managed fund sector to grow in the three months to September this year, according to new figures published by the Reserve Bank.The latest Reserve Bank managed funds survey put total KiwiSaver funds under management at almost $1.8 billion at the end of September compared to just over $1 billion at June …
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