The Real Property KiwiSaver Scheme (RPKS) was closed down in May and the funds of members are now to be distributed to other providers. RPKS director Lindsay Hay says a bulk cheque from the funds has been given to Prince Partners to distribute. He says about 90% of RPKS members have chosen a new KiwiSaver […]
Category Archives: KiwiSaver Articles
Compulsory KiwiSaver not necessarily silver bullet
Making KiwiSaver a compulsory savings isn’t the silver bullet to address New Zealand’s dismal savings record, with the evidence across the Tasman unclear, according to the Savings Working Group. The group’s chairman, Kerry McDonald, told a media briefing in Wellington the group was using Australia as a “laboratory” to draw on the experience across the […]
KiwiSaver yet to prove its worth
There is potential for KiwiSaver to grow the retirement savings pool but it is unclear whether that has been the case so far according to industry experts. Speaking at the Workplace Savings conference in Christchurch Inland Revenue senior evaluator Katherine Meerman says it is an important but unanswered question. “Because if KiwiSaver isn’t growing the […]
KiwiSaver funds in the red
Most KiwiSaver funds were in the red over the second quarter as the markets had their first pullback after four positive quarters of strong results according to the Morningstar quarterly KiwiSaver Performance Survey. Morningstar says the pullback was due to the global recovery being put on hold in May after uncertainties as a result of […]