Your online guide to KiwiSaver, the Government superannuation scheme
KiwiSaver has been the New Zealand’s most successful savings innovation in the last hundred years, the Financial Services Council says. Chief executive Peter Neilson said, seven years after its launch, there were a number of reasons why it had beaten expectations. He said the main reasons were that for those who found it hard to …
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Labour’s KiwiSaver policy has been criticised by the University of Auckland’s Retirement Policy and Research Centre. In its latest Pension Commentary, the centre’s researchers say that Labour has followed a long tradition in New Zealand politics of making announcements on retirement savings issues without public discussion or supporting evidence. Labour has said that it would …
More than half of young workers aged 15-24 years are already saving for their retirement, and most of those not already saving plan to do so in the future, a new survey shows. The latest ANZ Retirement Savings Barometer surveyed 850 New Zealanders in April and May and found that more young people are thinking …
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Labour’s proposal to increase KiwiSaver contributions is a welcome move, the Financial Services Council says. Under a Labour Government, all employees who are not already KiwiSaver members would be enrolled next October. A year later, their minimum contribution, and that of their employers, would increase from the current 3% at a rate of a quarter …