KiwiSaver cuts won't fix economy - Labour
KiwiSaver cuts won't fix economy - Labour
Cuts to KiwiSaver and Working for Families announced today will save the schemes from being axed in the future, Prime Minister John Key says.
KiwiSaver
Savers may 'take money elsewhere'
Savers may 'take money elsewhere'
The savings gap between New Zealand and Australia was sure to widen further no matter what incentives the Government removed from KiwiSaver, superannuation specialist Damian Foster said yesterday.
Softening up over KiwiSaver likely
Softening up over KiwiSaver likely
Prime Minister John Key is planning a softening-up exercise tomorrow with a major pre-Budget speech addressing potentially unpopular changes to the highly popular KiwiSaver scheme.
KiwiSaver cuts would be backward step - Labour
KiwiSaver cuts would be backward step - Labour
KiwiSaver cuts would be a backward step for the economy and would reduce crucial savings, Labour finance spokesman David Cunliffe says.
Super finds hit the mark strongly
Super finds hit the mark strongly
KiwiSaver funds earnings managed to overcome a series of local and foreign disasters - and some heavily negative market news - to perform strongly over the March quarter, Morningstar says.
Compulsion deemed tough choice
Compulsion deemed tough choice
The political aspects of tackling compulsory superannuation in an election year might be too hard a choice for the Government to consider next year, Forsyth Barr superannuation specialist Damian Foster said.
Call to face up to Super problems
Call to face up to Super problems
Business Roundtable executive Roger Kerr believes Retirement Commissioner Diana Crossan deserves credit for saying New Zealand needs to face up to the issue of raising the age of eligibility for...
Kiwibank calls for compulsory KiwiSaver
Kiwibank calls for compulsory KiwiSaver
The boss of state-owned Kiwibank wants people to be compelled to join KiwiSaver, with individual contributions rising gradually over the next decade or two to reach 10% of income.
Proposal to free up 'lost money'
Proposal to free up 'lost money'
Billions of dollars belonging to New Zealanders, now languishing in Australian superannuation funds, will be freed up if tax changes proposed on both sides of the Tasman are passed.
KiwiSaver scheme benefits available next month
KiwiSaver scheme benefits available next month
Two KiwiSaver features, designed by the scheme's architects to make first-home ownership more affordable, will be available on July 1, the third anniversary of the scheme.
Hillside Engineering unveils work in progress
Hillside Engineering unveils work in progress
Kiwirail's Hillside Engineering workshops yesterday unveiled a mock-up of the carriages it is building for the company's South Island tourist routes.
Changes to please savings sector
Changes to please savings sector
The transparency provided by improved KiwiSaver regulations would be welcomed in the savings industry, Forsyth Barr KiwiSaver specialist Damian Foster said yesterday.
No tax on KiwiSaver first home subsidy
No tax on KiwiSaver first home subsidy
The KiwiSaver first home subsidy will now be tax free, Revenue Minister Peter Dunne says.
KiwiSaver still key driver for funds industry
KiwiSaver still key driver for funds industry
Inflows to managed funds increased further in the three months ended March, with KiwiSaver investors continuing to be one of the main influences, FundSource said today.
KiwiSaver fees to cost thousands
KiwiSaver fees to cost thousands
New Zealanders saving for their retirement through a KiwiSaver fund could pay more than $60,000 in fees over the course of their working life.
Power wants Kiwisaver improved
Power wants Kiwisaver improved
Concerns about KiwiSaver could lead to greater disclosure and stricter regulation of non-default accounts, Commerce Minister Simon Power said yesterday.
PPPs pushed as KiwiSaver investment
PPPs pushed as KiwiSaver investment
Tower Investments is pushing for KiwiSaver schemes to be able to invest funds in infrastructure public private partnerships (PPPs).
KiwiSaver fund boost admitted
KiwiSaver fund boost admitted
Top businessman Peter Huljich has admitted using his own money to top up his company's three KiwiSaver funds, which have become the first to be investigated by the Securities Commission.
NZers getting serious about retirement saving: Survey
NZers getting serious about retirement saving: Survey
New Zealanders are flooding into KiwiSaver and once again saving for their retirement, despite the recession and softened KiwiSaver rules, according to a survey released today.
KiwiSaver retirement scheme numbers nearing 1.2m
KiwiSaver retirement scheme numbers nearing 1.2m
Nearly 1.2 million people have joined the KiwiSaver retirement savings scheme since it started two years ago.