A Government-run KiwiSaver scheme would have an unfair disadvantage that could push other providers out of business. The KiwiFund Bill has been drawn from Parliament’s members’ bill ballot. If it’s passed it would put in motion an independent working group to establish a government-run and owned KiwiSaver scheme, KiwiFund. It’s an idea that NZ First …
Category Archives: KiwiSaver News
KiwiSaver should invest more in NZ: Gaynor
New Zealanders have missed out on KiwiSaver returns because of their lack of exposure to the local share market, one manager says. Milford Asset Management executive director Brian Gaynor has rejected calls for KiwiSaver to be made compulsory, saying it would take the competitive onus away from fund managers. But he said changes were needed. …
Continue reading “KiwiSaver should invest more in NZ: Gaynor”
KiwiSaver tax breaks mooted
Michael Cullen chairing the new government’s tax working group could be a boon to the KiwiSaver industry, it has been predicted. Cullen, the architect of the retirement savings scheme, will head up the group which will have “wide mandate” to look at New Zealand’s whole tax system. It has specifically been tasked with looking at …
Nikko plots KiwiSaver launch
Nikko Asset Management is to launch a KiwiSaver fund offered via roboadvice. The fund manager is set to offer the scheme to the market next year. The fund manager has a strong institutional backing in New Zealand but has been working on growing its reach in the financial adviser community. It is also planning to …