About Workplace Savings NZ

Workplace Savings NZ Incorporated (Workplace Savings) is "the Voice of Workplace Savings" in New Zealand.  

Workplace Savings is a national, not-for-profit, apolitical membership organisation that represents the interests of employers who offer workplace retirement savings schemes, their trustees & members, as well as superannuation industry service providers including KiwiSaver, and professional advisers.

Our membership embraces all types of workplace superannuation schemes (public & corporate, union-sponsored & industry-based), and KiwiSaver, as well as employers and service providers to the workplace savings industry. 

 

 Our Mission

The mission of Workplace Savings NZ is to be the Voice of Workplace Savings: advancing the sustainable, effective and efficient delivery of workplace savings outcomes for all New Zealanders.

  • Advocating - advancing legislative and public policy initiatives beneficial to workplace savings and participation in the workplace savings industry, making submissions, engaging with policy-makers and officials and issuing media commentary to advance our cause.
  • Education - promoting trustee, employer and member education through dedicated training programmes, newsletters and special interest seminars.
  • Networking - providing trustees, employers and service providers involved in workplace superannuation with a regular forum for sharing ideas and information on industry matters.
  • Promotion - publicising the benefits of workplace savings, and helping to improve public confidence in workplace savings.


 Our History

The fore runner to Workplace Savings, the Association of Superannuation Funds of New Zealand Inc. (ASFONZ) was established in 1969.

Although a variety of superannuation and pension schemes had been established many years before 1969, they operated in isolation.

The schemes, as such, had no real voice. The creation of Workplace Savings NZ provided an important vehicle for increasing understanding among sponsors and managers of schemes of the issues that they were facing. It enabled schemes to stand together with a representative voice to safeguard the interest of all concerned - members, beneficiaries, trustees and employers.

One of the main reasons ASFONZ was established 40 years ago was to provide a vehicle for those interested parties to share ideas and ensure their views were heard. Although we are now named Workplace Savings NZ, this remains relevant today.

 

 How Workplace Savings NZ membership strengthens our industry

Being an active member of Workplace Savings NZ strengthens the collective voice and helps to build a powerful network for the workplace superannuation industry.

Workplace Savings is the pre-eminent industry association focused on workplace superannuation industry issues.  From the grassroots membership through our Council and sub-committees, we encourage participation and debate from all perspectives.

We strive to fulfil our mission by continuing to:-

  • work with the Government and their advisers to help develop policies that achieve improved workplace savings and KiwiSaver outcomes;
  • work on initiatives and reforms that seek to minimise any regulatory factors that impede the delivery of effective and efficient workplace savings outcomes to New Zealanders;
  • identify and promote initiatives to Employer Participants and Superannuation Fund Providers that encourages sustainable participation in workplace savings;
  • support Employer Participants and Superannuation Fund Providers to deliver optimal workplace savings outcomes to their members;
  • promote and support initiatives that will improve the quality of delivery of workplace saving to all New Zealanders;
  • improve public confidence in workplace savings by consistently reinforcing integrity, accountability, and professionalism within the workplace savings industry;
  • promote the education of Employer Participants, Superannuation Fund Providers, and all others involved in workplace savings through dedicated training programmes, newsletters, and special interest seminars;
  • support initiatives that enhance the level of financial literacy in the workplace; and
  • Provide a range of services that meet the needs of Workplace Savings NZ members and deliver meaningful value for their participation.