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Viewing entries tagged with 'KiwiSaver'

Savings Working Group releases final report

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. 

Raise superannuation age to 67 at least - Retirement Commissioner

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.

Update on 'People's Choice KiwiSaver Award' 2010

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’.

Submission on the Financial Markets (Regulators & KiwiSaver) Bill

10 November 2010

We have today uploaded the Workplace Savings NZ submission to the Commercer Select Committee in relation to the above bill.

KiwiSaver actually works

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.

NZ Funds joins ring

18 October 2010

A new player enters the KiwiSaver market next week with the launch of a scheme by independent investment manager NZ Funds.

Compulsory savings no silver bullet

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.

Improvements to KiwiSaver regulation

15 September 2010

Improvements to KiwiSaver regulation including periodic reporting, increased fund manager and trustee responsibility have been introduced in a bill to Parliament.

Compulsory KiwiSaver 'has its drawbacks'

9 September 2010

Making KiwiSaver compulsory could boost national savings, the Treasury says, but it raises difficult wellbeing and fairness issues.

Too early to rate savings success of KiwiSaver

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.