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Viewing entries tagged with 'KiwiSaver'

A devil in National's detail

14 October 2008

National's proposed KiwiSaver changes have been well and truly analysed by now but one factor which doesn't appear to have been considered yet is the tight timeframe in which National are proposing to introduce the changes.

KiwiSaver survey shows higher levels of understanding

6 October 2008

Despite global financial market turmoil more New Zealanders understand what KiwiSaver is all about and are using it to save for their retirement, a new survey shows.

More mortgages qualify for KiwiSaver mortgage diversion

15 September 2008

Amendments to the mortgage diversion regulations signed by Order in Council today allow more types of mortgages to qualify for the mortgage diversion facility.

KiwiSaver law change to remove conflict

23 July 2008

Labour Minister Trevor Mallard says KiwiSaver legislation will be altered to ensure there is no conflict with employment law when workers and bosses thrash out remuneration packages.

Britain studies KiwiSaver scheme

14 July 2008

KiwiSaver has been subjected to a rigorous examination by retirement specialists in Britain to see if lessons can be learned before a new scheme is rolled out to Britons.   In a move similar to that taken by the New Zealand Government with KiwiSaver, from 2012 British workers not already in occupational pension schemes will be enrolled into "personal accounts" unless they opt out.

Bosses' KiwiSaver loophole plugged

14 July 2008

Employers will no longer be allowed to pay less to KiwiSaver employees than to those not in the scheme, under a move to be announced today by Labour Minister Trevor Mallard.  "There is no way that it is fair for one employee to be paid less each week in their take-home pay than an employee doing the same tasks.....

Evaluation of the impacts of KiwiSaver on New Zealand’s superannuation market

4 July 2008

The Ministry of Economic Development has commenced a study of the impacts of KiwiSaver on New Zealand's superannuation market and the wider financial sector. As part of this study a number of industry participants will be asked to take part in a workshop or interview.   Read more....

Happy Birthday KiwiSaver

1 July 2008

It's been one year since KiwiSaver was let loose on New Zealand and Finance Minister Michael Cullen and Revenue Minister Peter Dunne are celebrating more than 718,000 members joining up.

KiwiSavers 'likely to opt for higher-risk options'

12 May 2008

Conservative funds will be ditched for higher-risk options as KiwiSavers adopt a more hands-on approach to investing in the scheme, say major providers.

Jail threat for KiwiSaver providers who mislead

10 April 2008

KiwiSaver providers who mislead investors over their commitment to responsible investment could face fines of up to $300,000 or five years in prison.