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QROPS now trapped in KiwiSaver funds

29 June 2015

People who have moved their UK pension to KiwiSaver schemes are now trapped in their current funds, following a decision from the UK tax department... "We’ve managed to protect almost everything for those people who were in the process of transferring their UK pensions to New Zealand,” Workplace Savings executive director Bruce Kerr says.

The government may have to provide voluntary annuities to KiwiSavers

25 June 2015

The Government may have to go into the business of providing "voluntary" annuities, a new report has suggests.

KiwiSaver members urged to ponder asset allocation

23 June 2015

NZIER principal economist, Aaron Drew, says “there has been a lot of public discussion about KiwiSaver contribution rates and what is required to achieve a comfortable retirement, but members will not get the most out of the scheme if they are in the wrong type of fund for their risk profile and investment horizon.”

New investment option to target KiwiSaver retirees

17 June 2015

Former ACC boss, Ralph Stewart hopes to launch a new investment product offering income for life options in the next three months.

KiwiSaver First Home Withdrawals - 2015 Changes

16 June 2015

On 1 June 2015 the KiwiSaver Withdrawal for the purpose of purchasing a first home was changed to enable investors to also withdraw member tax credits (excluding $1,000 and transferred Australian superannuation). Workplace Savings NZ produced the following standardized documents for use by the industry in relation to the KiwiSaver withdrawal legislation: