Budget changes to KiwiSaver may make the scheme less attractive for people to join, according to Tower Investments CEO Sam Stubbs. “Perhaps more disconcerting for potential members is that KiwiSaver’s rules have been changed again by the Government, which starts to chip away at certainty around retirement planning arrangements.” Stubbs made the comments as default […]
Category Archives: KiwiSaver Articles
ASB says KiwiSaver changes won’t put investors off
The government’s changes to the KiwiSaver scheme aren’t likely to put investors off it, says Ian Park, chief executive of retail banking at ASB Bank, the second largest KiwiSaver provider. “The scheme is such a good scheme, I think it will continue to see growth and new people joining,” Park says. He doesn’t expect the […]
KiwiSaver remains best saving option for most, says ISI
Despite the changes to KiwiSaver announced in the last Budget the scheme remains the best long term savings vehicle for most New Zealanders, according to the Investment Savings & Insurance Association (ISI). As expected the changes signalled by the Government include halving the Government-paid Member Tax Credit from July 1, making employer contributions subject to […]
More than a third of MPs in KiwiSaver
More than a third of MPs are members of a KiwiSaver scheme, according to the latest register of pecuniary interests. Of the 122 MPs, 44 are signed up to a KiwiSaver scheme. The highest proportion of members was within the Green Party, with five out of nine MPs joining the scheme. Across the remaining parties […]