Non-KiwiSaver schemes still have biggest balances, statistics show.
Statistics NZ figures show 53% of adults have a private superannuation scheme.
The median value of those schemes was $10,000.
That includes KiwiSaver as well as company-based and state sector schemes.
Just under 50% of adults had a KiwiSaver scheme. Only 8% were in a non-KiwiSaver scheme. Just under 30% of people aged 65 to 74 had a private superannuation scheme...MORE»
Tuesday, April 11th, 7:39PM
KiwiSaver schemes will have to show investors the dollar cost of their annual fees, from next year.MORE»
Thursday, March 23rd, 1:35PM
[UPDATED] There are calls for the Government to give KiwiSaver providers a set deadline to divest from companies involved in the manufacture of cluster bombs, landmines and nuclear weapons.MORE»
BNZ has announced it will drop its investments in companies involved in the production of cluster munitions, anti-personnel mines, nuclear weapons and tobacco or tobacco products.MORE»
There are calls to streamline the process of transfers between KiwiSaver schemes, to reduce the burden on providers and members.MORE»
KiwiSaver providers can offer incentives to entice customers to their schemes, so long as they do not distract the customer from making good decisions about KiwiSaver.MORE»
2016 drew to an unpleasant close for many KiwiSaver funds, Aon’s latest industry survey shows.MORE»
Fund managers charging high fees for their products have kept a lid on what advisers can earn, Simplicity’s managing director said as the provider launched its first non-KiwiSaver funds.MORE»