Your online guide to KiwiSaver, the Government superannuation scheme
In what’s believed to be an industry first, the NZ Society of Actuaries has produced a report that analyses account-level data for a large segment of the KiwiSaver market. Until now, nothing been published about the actual balances of KiwiSaver’s 3.09 million members, with most statistics focusing on averages. For example, the FMA’s annual KiwiSaver …
Continue reading “A cluster of ‘modest’ accounts: what KiwiSaver balances really look like”
In what’s believed to be an industry first, the NZ Society of Actuaries has produced a report that analyses account-level data for a large segment of the KiwiSaver market. Until now, nothing been published about the actual balances of KiwiSaver’s 3.09 million members, with most statistics focusing on averages. For example, the FMA’s annual KiwiSaver …
Continue reading “A cluster of ‘modest’ accounts: what KiwiSaver balances really look like”
The finance industry says it is improving the KiwiSaver system but it is a work in progress. A report by Consumer NZ found New Zealanders preferred non-bank providers such as Simplicity and Milford ahead of the schemes offered by most New Zealand banks. The report suggested people’s attitudes were soured by a market-led subsidence of …
Continue reading “Financial Services Council defends KiwiSaver after criticism”
Data gathered from almost three million members of KiwiSaver has highlighted the gender gap in Kiwis’ balances in the retirement savings scheme, and how overall both sexes are lagging behind where they would have expected to be at this point. Te Ara Ahunga Ora Retirement Commission engaged Melville Jessup Weaver (MJW) actuaries to collect previously …
Continue reading “What researchers found when they looked at 3 million KiwiSaver accounts”