The National Party says if it is elected it will allow KiwiSaver members to split their savings amongst multiple providers. National has proposed allowing KiwiSaver members to split their savings between multiple schemes. National’s Commerce and Consumer Affairs spokesperson Andrew Bayly says the move will drive innovation, boost competition and putting downward pressure on fees. […]
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Startup experts asks govt to ease Kiwi private equity rules
The Startup Advisors Council wants the Government to remove barriers impeding KiwiSavers from investing in local startups. The recommendation is one of 25 in the council’s UpStarts 2023 report, which was commissioned by the Government to find ways to boost the sector. Reserve Bank data shows that of the total $97b held in KiwiSaver funds […]
Bayly, fund managers on KiwiSaver for tenancy bonds
National Party finance and commerce spokesperson Andrew Bayly, says he did not know if KiwiSaver Scheme managers had been consulted as the initiative was led by housing spokesperson Chris Bishop. The National election promise will allow under-30-year-olds to use KiwiSaver for tenancy bonds. Bishop announced the intention to students at Auckland University. Under it students […]
KiwiSaver gender gap widens further, average balances drop
The gender gap for average KiwiSaver balances widened five per cent from 2021 to 2022, increasing from 20 to 25 per cent. New data from the Te Ara Ahunga Ora Retirement Commission shows gender gaps in every age category widened with larger gaps opening in younger age groups, up 7% to 23% for 18-25 year […]