Your online guide to KiwiSaver, the Government superannuation scheme
There are still benefits to signing children up for KiwiSaver, despite the removal of the $1000 kickstart, says ANZ’s general manager of wealth products and marketing Ana-Marie Lockyer. ANZ is reporting 50% fewer new KiwiSaver sign-ups since the incentive was removed. Lockyer said part of that reduction would be fewer people aged under 18 signing …
Continue reading “Still reasons for kids to join KiwiSaver: ANZ”
Conservative KiwiSaver funds are being tipped to barely outperform cash over the next seven years. The New Zealand Institute of Economic Research (NZIER) has warned that KiwiSaver members in conservative funds are in for poor returns, in its first New Zealand Investment Quarterly. Conservative funds, including the nine KiwiSaver default funds, mostly invest in sovereign …
Continue reading “KiwiSaver members urged to ponder asset allocation”
The FSC is reminding KiwiSaver members they have less than a fortnight to top up their accounts to get the maximum member tax credit this year. Those who put at least $1042 in their accounts each year to the end of June receive the maximum $521 credit from the Government. FSC chief executive Peter Neilson …
Mercer has been given approval to combine its two KiwiSaver schemes into one. Managing director Martin Lewington said the FMA had agreed to it transferring its Mercer Super Trust KiwiSaver scheme members into the Mercer KiwiSaver scheme. “Combining our two KiwiSaver schemes ensures our KiwiSaver members have access to the best possible products and services …