Petition starts for KiwiSaver sharing

The KiwiSaver company Kōura Wealth has started a petition to improve gender equity in retirement. The petition will urge parliament to change the KiwiSaver Act so that a couple’s contributions can be pooled.  This would create a Contribution Sharing Scheme, under which couples, either married or de facto, could share their KiwiSaver contributions. This would […]

What KiwiSaver might look like in 2050

Retirement Commissioner Jane Wrightson is calling for KiwiSaver to be made compulsory and the minimum contribution rate ramped up to 5%.   But she doesn’t think the current government will be brave enough to make these changes which, she believes, are needed for KiwiSaver to remain fit-for-purpose over the net 30 years. Wrightson thinks, however, […]

$6.3 billion wiped off KiwiSaver

Morningstar reveals another bad quarter for KiwiSaver funds Market turmoil during the past six months has wiped $6.3 billion from KiwiSaver funds, $4.6 billion of it in the past three months. Morningstar’s KiwiSaver survey for the June quarter 2022 reveals KiwiSaver funds now hold $82.2b in assets, compared with $87.3b in the March 2022 quarter […]