Labour’s KiwiSaver plan welcomed

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 […]

Truly sustainable KiwiSaver fund

Although there are a number of KiwiSaver funds marketed as ethical or socially responsible, the Sustainable Business Network, is seeing how much interest there is a new fund. The Network has launched  a survey which aims to identify demand and create a sustainable KiwiSaver fund for New Zealand. It says that KiwiSaver funds currently have little to […]

Homeowners support compulsion: FSC

New Zealanders with a mortgage have even more enthusiasm for compulsory KiwiSaver than New Zealanders generally, says the Financial Services Council. It had been suggested that those with a home loan might be less likely to support a compulsory retirement savings scheme if it meant it took them longer to pay off their mortgages. But […]