14 July 2008
KiwiSaver has been subjected to a rigorous examination by retirement specialists in Britain to see if lessons can be learned before a new scheme is rolled out to Britons. In a move similar to that taken by the New Zealand Government with KiwiSaver, from 2012 British workers not already in occupational pension schemes will be enrolled into "personal accounts" unless they opt out.
14 July 2008
Employers will no longer be allowed to pay less to KiwiSaver employees than to those not in the scheme, under a move to be announced today by Labour Minister Trevor Mallard. "There is no way that it is fair for one employee to be paid less each week in their take-home pay than an employee doing the same tasks.....
4 July 2008
The Ministry of Economic Development has commenced a study of the impacts of KiwiSaver on New Zealand's superannuation market and the wider financial sector. As part of this study a number of industry participants will be asked to take part in a workshop or interview. Read more....
1 July 2008
It's been one year since KiwiSaver was let loose on New Zealand and Finance Minister Michael Cullen and Revenue Minister Peter Dunne are celebrating more than 718,000 members joining up.
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.
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.
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.
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.
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.
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.