Same regime needed for all KiwiSaver trustees
Trustees respond to teh government's comments over their role in supervising KiwiSaver schemes.
"It's important that trustees are fit for purpose, professional and independent", Trustee Corporations Association chairman Clynton Hardy says.
"The bottom line is that close to $5 billion, and rising, is invested in KiwiSaver schemes.
"A KiwiSaver trustee's job is no different from any other corporate trustee role. They are there to supervise fund managers and make sure investors are protected, bearing in mind the long term nature of KiwiSaver schemes...MORE»
KiwiSaver regulations fast trackedTuesday, March 9th, 12:35PM
Concerns over KiwiSaver fund management have led to the government fast tracking work to ensure the integrity of KiwiSaver is maintained for the 1.3 million people and $4.88 billion of their money invested in the scheme. MORE» |
Annuities market a must with KiwiSaverWednesday, March 3rd, 9:40AM
The government has proposed it will review the tax treatment of annuities in response to the Capital Markets Development (CMD) Taskforce recommendation and the financial adviser industry says the review is a must because of KiwiSaver. MORE» |
AMP dominates KiwiSaver performance
AMP dominated KiwiSaver fund growth in the December 2009 quarter with its conservative, balanced and growth funds all the best performers toppling Huljich Wealth Management from the top.
MORE»KiwiSaver Performance Survey
KiwiSaver Performance Survey - Returns to 31 December 2009
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ING reaches $1 billion mark with KiwiSaver
ING has become the first KiwiSaver provider to hit the $1 billion mark in funds under management.
MORE»KiwiSaver fee disclosure needs to improve: Mercer
Mercer, the only default KiwiSaver provider without a distribution network, has reduced fees on its funds.
MORE»Signing up children as KiwiSavers is about to get harder.
Family members will no longer be able to sign children up to KiwiSaver after refinements are made to the KiwiSaver scheme in the forthcoming tax bill.
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