After years of repeated tinkering in successive Budgets, KiwiSaver looks set to finally be left alone this year. Prime Minister John Key has announced in a pre-Budget speech that there will be no changes to KiwiSaver tax credits. Last year’s budget saw the government halve the maximum yearly tax credit from $1040 to $520, a […]
Category Archives: KiwiSaver Articles
KiwiSaver default provider system slammed
A savings expert has called for a radical overhaul of the KiwiSaver default system, which would see the current default providers lose their “privileged” position in the market. In the Retirement Policy Research Centre’s latest PensionCommentary, co-director Michael Littlewood has questioned the need to renew the agreements with the six default KiwiSaver providers in 2014, […]
Aon selling KiwiSaver through RFAs
Aon has developed a unique way of promoting its KiwiSaver scheme, giving Registered Financial Advisers a disclaimer that allows them to inform clients about the scheme without advising on it. Good Returns has obtained a copy of the disclaimer, which asks clients to acknowledge that the RFA they spoke to only provided them with “a […]
We didn’t pay $50 per KiwiSaver member: Fisher
Fisher Funds chief executive Carmel Fisher says her firm did not pay $50 for every Credit Union member who joined her scheme. The New Zealand Association of Credit Unions (NZACU) agreed to sell its KiwiSaver scheme to Fisher Funds largely because of new KiwiSaver regulations set to take effect this year. Mercer was acting […]