News

Break-even point for saving-scheme providers pushed past five years

11 May 2009

Talk to any major KiwiSaver provider and they will say setting up the Government superannuation saving scheme has been a hugely expensive exercise.

Professionals split over KiwiSaver

16 April 2009

Finance and accounting professionals are split over KiwiSaver, with almost half of them not contributing to the scheme, according to results from a survey carried out by recruitment firm Robert Half.

A place for workplace savings?

9 April 2009

Authored by David Ireland, ASFONZ Council Chair, this article is published in the latest edition of Human Resources, the magazine of the HRINZ.

KiwiSaver hits the magic million

2 April 2009

More than one million New Zealanders are now saving for their retirement through KiwiSaver, just 21 months after it started, Revenue Minister Peter Dunne announced today.

Super reports stress long term

2 April 2009

AUSTRALIA - Superannuation reports will make long-term returns much more prominent on statements in order to highlight the long term nature of the investments.  From now on, all super report statements will be required to show five-year returns in member statements with ten year returns added as of next year.

Greater flexibility for KiwiSavers comes at a cost

1 April 2009

Reducing the minimum KiwiSaver employee contribution from 4% to 2% provides some welcome flexibility for KiwiSavers and their employers, but comes at a cost that may ultimately detract from the end savings outcome.

Dunne: many investing in overseas companies better off under FDR rules

1 April 2009

Recent media reports have revealed confusion about how individual investors in overseas companies are taxed under the new fair dividend rate (FDR) rules that came into force in 2007, Revenue Minister Peter Dunne said today.

KiwiSaver changes into lower gear

30 March 2009

KiwiSaver Mark IV starts on Wednesday for nearly one million people who face a raft of changes expected to make it easier for more people to join while opening up options for existing members.

Markets picking big rate cut

6 March 2009

Wholesale money markets are picking Reserve Bank governor Alan Bollard will drop the official cash rate by 75-100 basis points in his March 12 announcement.

Don't make us play it safe, says fund

6 March 2009

Messing with the investment psyche of the New Zealand Superannuation Fund by throwing money at risk-free assets such as cash or bonds will doom the fund to failure, warns its chief executive Adrian Orr.