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Viewing entries tagged with 'KiwiSaver'

KiwiSaver engagement "vital"

3 May 2010

MEDIA RELEASE: Effective engagement with all KiwiSaver stakeholders in the face of further regulatory change is vital to the ongoing success of the scheme, according to Workplace Savings NZ, the voice of workplace savings.

Views sought on taxation of foreign funds in PIEs

14 April 2010

A tax policy issues paper released today seeks feedback on suggested changes to remove an anomaly that results in overseas investors being over-taxed when investing in New Zealand portfolio entities.  Submissions close on 4 June 2010.

Securities Commission - Guidance Note: KiwiSaver Distribution and Disclosure

24 March 2010

The Securities Commission today released their KiwiSaver Distribution & Disclosure guidance note.

Changes to tax on interest and PIE investments

24 March 2010

You may be affected by these changes.   The rates of tax you pay on interest earned from money in the bank and portfolio investment entity (PIE) investments are changing to align with the personal and company tax rate changes introduced in April 2009. These tax changes apply from 1 April 2010.

Watchdog growls at KiwiSaver providers

24 March 2010

The Securities Commission has sounded a warning to KiwiSaver providers and their trustees over the way the retirement savings scheme is being sold and how investments are disclosed.   It is also considering giving guidance to the public.

Comparing funds is easier said than done

23 March 2010

Savers like to know how their investment manager is performing, and when times are tough investors can get pretty excited about relative returns.   The trouble is that comparing the performance of investment managers is easier said than done.

Give us a government guarantee, say KiwiSavers

19 March 2010

A week after a survey found many New Zealanders think KiwiSaver is government-guaranteed, another survey has revealed the lack of a guarantee is one of the main concerns people have about the scheme.

Power's wakeup call - the end to KiwiSaver dreams?

18 March 2010

New Zealand's KiwiSaver industry is now at the point where the competitive spirit is blossoming - with about $5 billion at stake now and a, more or less, guaranteed growth path for the next 20 years, scheme providers are jockeying for position.

KiwiSaver regulatory review “timely”

10 March 2010

Workplace Savings NZ says it is concerned about the risk of overburdening KiwiSaver providers with regulatory red tape, but otherwise is entirely supportive of any changes to the rules for regulating KiwiSaver that will benefit KiwiSavers over the long term.

KiwiSaver move 'knee-jerk reaction'

10 March 2010

The Minister of Commerce's decision to fast track KiwiSaver regulation is a "knee-jerk reaction", says the chairman of Workplace Savings NZ.