The number of New Zealanders joining KiwiSaver continues to beat initial expectations, finance minister Michael Cullen said today.At the end of January, 414,144 Kiwis had joined up, compared with the Treasury’s initial projection of 276,000 by July 2008. Cullen believes the surge in New Zealanders saying yes to personal saving, despite unstable international markets, is …
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NZers happy with their retirement planning: survey
AXA’s annual international retirement survey confirms one thing about KiwiSaver – it has got people thinking more about their retirement.The annual survey – the fifth held including New Zealand – shows three quarters of New Zealanders are now making some preparation for their retirement. A year ago the figure was two thirds. The survey, of …
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Another KiwiSaver fee calculator
The Retirement Commissioner has entered the KiwiSaver analysis market with a fee calculation tool.It says the tool will help people “with the complicated task of working out which KiwiSaver fund is most suitable for them.” “Our independent estimate of KiwiSaver fees will help New Zealanders make a more informed decision on which KiwiSaver provider and …
KiwiSaver numbers pass 380,000 in first six months
The number of New Zealanders signed up for KiwiSaver at the end of the scheme’s first six months is far more than was expected for its first year, announced Finance Minister Michael Cullen and Revenue Minister Peter Dunne. Press Release As at 31 December, 381,000 New Zealanders were actively saving for their retirement through KiwiSaver. …
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