News

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.

Guidance Note on Responsible Investment Disclosure

26 March 2008

For a copy of the Securities Commission's Guidance Note on Responsible Investment by KiwiSaver Scheme Providers which was published on Thursday, 20 March 2006, click here.

Piggy puts Nats in a stew

25 March 2008

It's an offer Kiwis are finding hard to refuse. You put aside four cents in every dollar from your before-tax pay and the Government matches it with a tax break to a maximum of $20 a week.

Nats silent on KiwiSaver Tax

19 March 2008

Kiwisaver members will still get a government subsidy under National, but finance spokesman Bill English is refusing to say whether that means keeping up to $20 a week in tax breaks.

National pressed on KiwiSaver policy

13 March 2008

National is under pressure to say whether it will keep KiwiSaver as combined nest eggs head toward $1 billion after just eight months and young workers embrace the scheme.

Employer critical of KiwiSaver 'red tape headaches'

11 March 2008

An employers' group is irate about what it claims are anomalies and complexities in the law governing KiwiSaver, causing red tape headaches for bosses.

Advisers Beware

20 February 2008

Financial advisers face a tough year, says ING head of sales and marketing Wayne Becker – and he predicts the government may fast-track some of its planned new regulations in response to public pressure.

Putting spotlight on financial advisers

20 February 2008

The Securities Commission will move fast to ensure strict new disclosure rules - making financial advisers' economic incentives transparent to their clients - are being followed.

KiwiSaver 'will change plans for retirement'

13 February 2008

Less importance will be placed on home ownership at retirement due to KiwiSaver and housing affordability, Mercer investment managers and consultants predict.