Your online guide to KiwiSaver, the Government superannuation scheme
Sharesies KiwiSaver offering was marginally cash-flow-positive in the year ended March but its general manager says the focus is still on growth and enhancing its products. Sharesies Matt Macpherson its KiwiSaver is about chasing scale, not profitability. Pic Supplied Matt Macpherson says members of the KiwiSaver fund reach about 26,000 at March 31 and has …
Continue reading “Sharesies’ KiwiSaver still going for growth, reaches break-even on cash flow”
KiwiSaver advisers who are reviewing their clients’ investments on an annual basis probably aren’t serving them as well as they could, the founder of an AI business says. Clive Fernandes is director of Sevaka, which provides AI support for financial advisers. He also established advice firm National Capital. He said annual reviews had never been …
KiwiSaver providers want more clarity on how total remuneration packages will be treated with any move towards compulsion. National said on Sunday that, if re-elected, it would make KiwiSaver contributions compulsory from 2028, and move to a 12% contribution by 2032. Koura founder Rupert Carlyon said that would be a significant increased burden on people …
Continue reading “Give Total Rem the flick if KiwiSaver compulsory”
National is proposing a range of changes to KiwiSaver if it returns to power, including making the scheme compulsory. Leader Christopher Luxon said on Sunday that the party was proposing to enrol every child born in New Zealand into KiwiSaver from birth, as of July next year, with a $1,500 kickstart. Everyone would be required …