The September quarter saw KiwiSaver funds rebound, with all types of funds producing positive returns as fears of a double-dip recession eased, according to the latest Mercer KiwiSaver survey. KiwiSaver returns received a boost as global share markets, which took a battering in the June quarter, bounced back. KiwiSaver growth funds – which have the […]
Category Archives: KiwiSaver News
Real Property KiwiSaver Scheme pulls the pin
The Real Property KiwiSaver Scheme (RPKS) was closed down in May and the funds of members are now to be distributed to other providers. RPKS director Lindsay Hay says a bulk cheque from the funds has been given to Prince Partners to distribute. He says about 90% of RPKS members have chosen a new KiwiSaver […]
Compulsory KiwiSaver not necessarily silver bullet
Making KiwiSaver a compulsory savings isn’t the silver bullet to address New Zealand’s dismal savings record, with the evidence across the Tasman unclear, according to the Savings Working Group. The group’s chairman, Kerry McDonald, told a media briefing in Wellington the group was using Australia as a “laboratory” to draw on the experience across the […]
KiwiSaver yet to prove its worth
There is potential for KiwiSaver to grow the retirement savings pool but it is unclear whether that has been the case so far according to industry experts. Speaking at the Workplace Savings conference in Christchurch Inland Revenue senior evaluator Katherine Meerman says it is an important but unanswered question. “Because if KiwiSaver isn’t growing the […]