Voluntary savings continue in KiwiSaver – ASB

A significant minority of people are making voluntary contributions to their KiwiSaver schemes to take advantage of volatile market conditions, according to research by ASB. While most people do not pay extra, a total of 29% are paying more than they have to, said ASB senior economist Chris Tennent-Brown. The news of people paying extra …

Voluntary savings continue in KiwiSaver – ASB

A significant minority of people are making voluntary contributions to their KiwiSaver schemes to take advantage of volatile market conditions, according to research by ASB. While most people do not pay extra, a total of 29% are paying more than they have to, said ASB senior economist Chris Tennent-Brown. The news of people paying extra …

Generate KiwiSaver pumps $13.7 mill into social housing

Generate KiwiSaver has made a second investment into social housing. Generate KiwiSaver Scheme has made a $13.7 million impact investment into the Te Puna Hapori – Verdi Social Housing Bond. The deal provides funding for two new social housing projects, which will house 39 families (at least 78 people) currently living in sub-standard accommodation. The lessees, Emerge …

Simplicity drops membership fees for all products

Simplicity has dropped its membership fees from all of its products effective immediately. The nonprofit KiwiSaver provider says that from today all of its members will no longer pay membership fees on any Simplicity funds. Previously, adult members paid a $20 a year membership fee. Managing director Sam Stubbs has been scathing in his criticism …