British migrants whose pensions are now trapped in KiwiSaver schemes are a roadblock for providers wanting to merge funds or acquire other schemes. It was reported last week that 12 members of Smartshares KiwiSaver face a tax bill of up to 55% if they move their money to the now NZX-owned SuperLife scheme. NZX has …
Category Archives: KiwiSaver News
KiwiSaver members want DIY approach
Most KiwiSaver members want to be able to take a DIY approach to their investments, ASB’s GM of wealth says. Jonathan Beale said the bank has seen a big increase in the number of people making voluntary KiwiSaver contributions since it allowed them to do so online. In 2014, the only way that people could …
KiwiSaver drain on Government coffers
Government’s contribution to KiwiSaver balances has been “substantialâ€, a new Treasury report says. There is now more than $27 billion invested via the retirement savings scheme and it has more than 2.5 million members. But the report by Treasury analysts says it is hard to identify the amount of new saving created by the scheme, …
KiwiSaver members expected to get more hands-on
Craigs Investment Partners is reporting solid growth in its KiwiSaver scheme that allows investors to select their own investments. KiwiSTART Select is a platform that offers a range of 250 nominated securities from which clients can construct their own KiwiSaver portfolios. Nominated securities include QuayStreet Unit Trusts and a range of investments in equities, investment …
Continue reading “KiwiSaver members expected to get more hands-on”