Call for IRD to vet KiwiSaver hardship claims
Connor, Guardian's general manager of corporate trusts in Auckland, raised the issue in a recent speech to the Workplace Savings conference, where he said it "doesn't make sense" to leave the ultimate call on hardship to trustees.
Although accepting his view was "controversial," he said Inland Revenue was the logical choice to look after hardship because it was already involved in making the decisions on contribution holidays.
He told Good Returns it was an "anomaly" that issuer obligations were changing away from trustees to managers, but trustees were still being left with the hardship process.
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