Political parties given outline of KiwiSaver 2.0

Director and investor Fraser Whineray has delivered his plan for “KiwiSaver 2.0” to political parties this week. The plan sets out changes that he thinks would make the scheme more robust into the future. Whineray says contribution rates are low by international standards, access is tied to the age of eligibility for NZ Super, which …

Advising on KiwiSaver can create “a moat” for adviser’s businesses: Generate

Generate says providing advice on KiwiSaver can help create “a moat” around an adviser’s business. “The more problems you solve, the more like they are to stay with you,” Generate’s head of distribution, Kristian James, told advisers, adding that advising clients on other managed funds is also an opportunity for advisers. Speaking to a mix …

Debtfix takes hardship off providers’ hands

Debt solution charity Debtfix is working with a growing number of KiwiSaver providers, to help them handle their financial hardship withdrawal workload. Financial hardship withdrawal numbers have increased sharply in recent years. There were 10,000 more withdrawals last year than in 2024, to a total of 58,460. Each withdrawal requires KiwiSaver provider staff to process …