Your online guide to KiwiSaver, the Government superannuation scheme
Westpac is launching a ‘capital protected’ option for its KiwiSaver to address the security concerns of potential investors. The launch comes just as criticisms from industry agent provocateur (and KiwiSaver provider) Gareth Morgan that KiwiSaver is not government guaranteed have been widely reported, although Westpac has been planning the product well before those criticisms were …
Continue reading “Capital protected KiwiSaver option launched”
The funds management and financial planning subsidiary of the Southland Building Society (SBS), Funds Administration New Zealand Limited (FANZ), has received Inland Revenue approval to become a KiwiSaver provider.
Less than two months before the introduction of KiwiSaver, more than half of adult New Zealanders report they are not saving for their retirement, and more than three quarters admit they know very little detail about the new savings scheme.Less than two months before the introduction of KiwiSaver, more than half of adult New Zealanders …
A groundswell of support is building for KiwiSaver, increasing New Zealanders’ appetite for retirement savings and boosting savings patterns, according to the latest AMP SuperWatch research.Of the people surveyed, 68% said New Zealand Superannuation would be inadequate financial support for them in retirement. Three-quarters of non-retired New Zealanders say they are aware of KiwiSaver (up …