New research has revealed the prevalence of employers including KiwiSaver contributions as part of their employees’ total remuneration rather than on top of their earnings. The Retirement Commission surveyed more than 300 small, medium, and large organisations about the use of a total remuneration approach to KiwiSaver, finding that 45% use the model for at […]
Category Archives: KiwiSaver News
Probate petitions for probate tweak on KiwiSaver funds
A Canterbury law firm specialising in wills and estates is petitioning parliament to enable executors of wills to access funds of up to $25,000 without needing High Court paperwork. When a person dies with $15,000 or more in their KiwiSaver fund, executors have to apply to the High Court for probate (of a valid will) […]
Fisher Funds to jettison fees
Fisher Funds has announced it will remove performance fees across all its KiwiSaver and managed funds’ multi asset portfolios on July 1. Fisher clients were told performance fees will go in their monthly performance update. CEO Bruce McLachlan says Fisher wants to leverage the scale it has achieved through its acquisition of Kiwi Wealth last […]
Call for transparency to ensure investor confidence
KiwiSaver providers should tell clients about exposures to Silicon Valley Bank and Signature Bank and put them in context to restore confidence. Investment advisor Chris Douglas of My Fiduciary says KiwiSaver fund managers have an obligation to provide full and frank disclosure to investors and even prospective investors. His comments come in the wake of […]