NZX investment subsidiary Smartshares is launching a Kiwisaver scheme. Called SmartKiwi, the company believes that KiwiSaver will deliver strong benefits to New Zealand’s capital markets, and the economy at large. The SmartKiwi offering will have three investment options to choose from, a high growth option consisting of equities only, split between NZX and ASX stocks; […]
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Will KiwiSaver force employers to consider
“Employers who struggle to pay KiwiSaver contributions may face a double whammy paying out extra on redundancy payments if they try to downsize,” say Ernst & Young KiwiSaver spokespeople Jo Doolan and Aaron Quintal.Press release – Ernst & Young “For employees who are members of KiwiSaver, any redundancy payments will be subject to KiwiSaver contributions […]
Staples Rodway launches Kiwisaver scheme
Press Release: Leading accounting firm Staples Rodway has launched a KiwiSaver scheme that will be available to both their clients and the wider public.The Staples Rodway scheme includes Conservative, Balanced and Growth investment funds that are each independently managed. Members can choose any combination of these funds and will be provided with an investment attitudes […]
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 […]