Your online guide to KiwiSaver, the Government superannuation scheme
There are calls for the Government to give KiwiSaver providers a set deadline to divest from companies involved in the manufacture of cluster bombs, landmines and nuclear weapons. Four default providers – ANZ, Westpac, Kiwibank and Mercer – still have exposure to the industry despite a furore last year that drew public attention and condemnation …
Continue reading “Deadline needed for clean default schemes: Greens”
BNZ has announced it will drop its investments in companies involved in the production of cluster munitions, anti-personnel mines, nuclear weapons and tobacco or tobacco products. Its new responsible investment policy was announced on Thursday. “In the last three-and-a-half years our funds under management have grown from $1.5 billion to almost $4 billion today, so …
There are calls to streamline the process of transfers between KiwiSaver schemes, to reduce the burden on providers and members. KiwiSaver transfers are in the Financial Markets Authority’s sights. It has requested information from all providers about transfers in the last quarter of last year, broken down to the number of days a transfer took …
KiwiSaver providers can offer incentives to entice customers to their schemes, so long as they do not distract the customer from making good decisions about KiwiSaver. That’s the ruling in the Financial Markets Authority’s latest guidance note. It replaces a 2012 document that had the unintended consequence of reducing the amount of advice being given …
Continue reading “FMA: No hard lines on KiwiSaver incentives”