KiwiSaver law changes expensive for employers

The “total remuneration” approach to KiwiSaver has been effectively banned in legislation rushed through Parliament under urgency last week.In essence, the new law says a KiwiSaver member cannot be offered lesser terms (or be otherwise disadvantaged) in comparison with a “comparable” non-member employee of similar skills, experience and circumstances. The government’s rapid U-turn on total […]

Employers backing away from super aid, study finds

Employers are increasingly unwilling to provide one-on-one professional financial assistance to their employees in superannuation plans, according to a survey released last week by the Retirement Policy and Research Centre (RPPC). The Top 100 report, which surveyed 52 of New Zealand’s largest employers, found only 25% of respondents offered one-to-one help with their employees’ retirement […]

Investors like KiwiSaver, fret about government meddling

Investors who have joined the KiwiSaver scheme generally think they made the right decision though they fret about future government meddling with the programme, according to an ING (NZ) survey.About 95% of those who joined the scheme say they made a good decision, according to the quarterly survey. Some 50% are concerned the government may […]