Your online guide to KiwiSaver, the Government superannuation scheme
National MP Andrew Bayly does not think allowing New Zealanders to split their KiwiSaver savings over multiple providers would be too tricky to administer. Instead it would provide consumer choice and a source of funding for infrastructure development among other things, he says. The proposed policy would allow KiwiSaver members to divide contributions over a …
Continue reading “National’s KiwiSaver splitting: innovation or complication?”
The National Party says if it is elected it will allow KiwiSaver members to split their savings amongst multiple providers. National has proposed allowing KiwiSaver members to split their savings between multiple schemes. National’s Commerce and Consumer Affairs spokesperson Andrew Bayly says the move will drive innovation, boost competition and putting downward pressure on fees. …
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The highlight of the otherwise flat first-half results from AMP's New Zealand wealth management business was a more than doubling of net KiwiSaver cashflows. The NZ business contributed a stable A$17 million net profit to its Australian parent's A$261 million result for the six months ended June. However, its result in New Zealand dollars eased …
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KiwiSaver assets grew 6% – $92 billion to $98 billion – over the June quarter while all multisector KiwiSaver funds produced positive returns, reports Morningstar’s quarterly KiwiSaver Survey. Of 23 providers offering 282 products, average multisector category returns ranged from 1.2% for the conservative category (including default options) to 5.4% for the aggressive category. Estimated …
Continue reading “KiwiSaver nudges $100b, Generate celebrates”