Out of the frying pan into the fire?

Over the lifecycle of a KiwiSaver investment switches will be required at key investor milestones but these can be clunky. Michael Lang talks about the alternatives By now many New Zealanders have successfully navigated their way out of the default scheme they were randomly allocated to, into more growth-orientated schemes. The move has been a good one, […]

Fidelity life continues nib support

Fidelity Life and nib have confirmed joint quoting and application capabilities will continue from July 1. Nib products will continue to be supported in Fidelity Life’s Apollo and eApp services, while the Fidelity Life-nib paper multi-app will also be maintained. In addition, nib forms and collateral will still be available from Fidelity Life’s Adviser Centre. […]

Inland Revenue to act on PIRs

Inland Revenue is moving to help make sure investors, including KiwiSavers, get on the correct prescribed investor tax rate (PIR). Updated estimates show around 550,000 people have underpaid tax on their investments (including KiwiSaver) with an average of $80 to $90 owing per person for the 2019 tax year, says Inland Revenue deputy commissioner, Sharon […]