Your online guide to KiwiSaver, the Government superannuation scheme
Commerce minister Simon Power has announced regulatory changes to make it easier for earthquake-affected Cantabrians to access their KiwiSaver cash. “The Government was concerned that some people may have been unable to make an early withdrawal of their KiwiSaver contributions under the significant financial hardship rules of the KiwiSaver regime,” he said. “So we have …
Continue reading “Easier access to KiwiSaver cash for quake-affected Cantabrians”
Total KiwiSaver membership rose 1.8% in March suggesting concerns about possible changes to incentives and an improving jobs market, according to default KiwiSaver provider Tower Investments. “March saw a sharp lift in KiwiSaver sign-ups, with net total membership rising 1.8% for the month and closing on 1.7 million members,” said Tower Investments CEO Sam Stubbs. …
Regulation for KiwiSaver schemes should place investors at the fore and not be led by product providers, and payments to advisers at the cost of investors should be disclosed, according to Morningstar. In its submission to the Ministry of Economic Development (MED) Periodic Reporting Regulations for Retail KiwiSaver Schemes Discussion Paper Morningstar also said improved …
Continue reading “The Morningstar view on KiwiSaver reporting”
OnePath has seen off competition from Fisher Funds and Milford Asset Management to be named Morningstar KiwiSaver Fund Manager of the Year. The OnePath general manager funds, David Boyle, said he was delighted with the win. “It’s a fantastic moment in the sense that the OnePath brand has been recognised with this award, particularly given …