NZX opts for immediate maximum KiwiSaver employer contribution

Press Release: NZX has opted to make the maximum 4% employer contribution to its employees’ KiwiSaver funds from the 1 July 2007 KiwiSaver launch date.The 2007 Budget contained an enhancement to KiwiSaver that requires employers to contribute to their employees’ KiwiSaver account on a graduating scale, beginning at 1% on 1 April 2008 and climbing …

Capital protected KiwiSaver option launched

Westpac is launching a ‘capital protected’ option for its KiwiSaver to address the security concerns of potential investors. The launch comes just as criticisms from industry agent provocateur (and KiwiSaver provider) Gareth Morgan that KiwiSaver is not government guaranteed have been widely reported, although Westpac has been planning the product well before those criticisms were …

KiwiSaver readies for take-off

Speech notes for launch of KiwiSaver publicity campaign, Holiday Inn, Featherston St, WellingtonKiwiSaver is a landmark in New Zealand’s economic and social legislation and I welcome this campaign to introduce it to working New Zealand. One standout feature of KiwiSaver’s design is its simplicity. It makes it easy to join, easy to administer, easy to …

KiwiSaver campaign takes off

Today’s launch of the first KiwiSaver television commercial marks another important milestone in helping New Zealanders save for their future, government ministers said today.”With just five weeks to go before KiwiSaver launches on 1 July, the campaign will help focus people’s minds on the opportunities the scheme offers to secure their retirement dreams,” said the …