[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.
Four default providers – ANZ, Westpac, Kiwibank and Mercer – still have exposure to the industry despite a furore last year that drew public attention and condemnation to the investments.
Jacqui Dean, Minister for Commerce and Consumer Affairs, has said she expects KiwiSaver providers to drop their investments but has not said when.
The Green Party said that was not good enough...MORE»
Thursday, March 23rd, 10:46AM
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»
Tuesday, March 21st, 6:00AM
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»
Former deputy prime minister and finance minister Sir Michael Cullen says the need for an annuity provider to help KiwiSaver members manage their lump sums on retirement is another sign of the scheme’s success.MORE»
KiwiSaver provider Simplicity's managing director Sam Stubbs says his funds' first reported performance data are like "winning a bronze medal in your first event" despite a poor showing from its conservative fund.MORE»