1 February 2011
The Savings Working Group released its final report "Saving New Zealand: Reducing Vulnerabilities & Barriers to Growth & Prosperity" to the Minister of Finance today.
7 December 2010
The government needs to raise the age of entitlement for superannuation from 65 to 67 at least if it is to avoid a major fiscal crisis, says Retirement Commissioner Diana Crossan. In a move likely to trigger a major political row, Ms Crossan says the government should gradually lift the age of entitlement by two-month increments from 2020, so as to reach 67 by 2033.
15 November 2010
At the half-way mark, voting in this year’s “People’s Choice KiwiSaver Communication Award” is progressing well. Workplace Savings NZ Executive Director Bruce Kerr says more than 99% of voters have so far rated their providers’ communications as ‘good’ or ‘excellent’.
10 November 2010
We have today uploaded the Workplace Savings NZ submission to the Commercer Select Committee in relation to the above bill.
19 October 2010
A KiwiSaver evaluation report released today shows strong continued growth and early signs that the scheme is working as intended. About 30,000 people joined the scheme each month over the last year - most, unsurprisingly, citing a desire to save towards retirement as their main motivation for joining the scheme.
18 October 2010
A new player enters the KiwiSaver market next week with the launch of a scheme by independent investment manager NZ Funds.
7 October 2010
Making KiwiSaver a compulsory savings isn’t the silver bullet to address New Zealand’s dismal savings record, with the evidence across the Tasman unclear, according to the Savings Working Group.
15 September 2010
Improvements to KiwiSaver regulation including periodic reporting, increased fund manager and trustee responsibility have been introduced in a bill to Parliament.
9 September 2010
Making KiwiSaver compulsory could boost national savings, the Treasury says, but it raises difficult wellbeing and fairness issues.
30 August 2010
It's too soon to tell if KiwiSaver has helped to boost retirement savings, industry experts speaking at the Workplace Savings NZ 2010 Conference say.