KiwiSaver has been the New Zealand’s most successful savings innovation in the last hundred years, the Financial Services Council says.
Chief executive Peter Neilson said, seven years after its launch, there were a number of reasons why it had beaten expectations.
He said the main reasons were that for those who found it hard to save, KiwiSaver made it easy to enrol and put the money away before it could be spent, and the kickstart incentives and matching employer contributions made it a no-brainer for most New Zealanders...MORE»
Wednesday, July 2nd, 3:00PM
Labour’s KiwiSaver policy has been criticised by the University of Auckland’s Retirement Policy and Research Centre.MORE»
Wednesday, July 2nd, 10:41AM
More than half of young workers aged 15-24 years are already saving for their retirement, and most of those not already saving plan to do so in the future, a new survey shows.MORE»
Labour’s proposal to increase KiwiSaver contributions is a welcome move, the Financial Services Council says.MORE»
KiwiSaver members are being reminded to make sure their annual contributions for the 12 months to June 30 are sufficient to ensure they get the full government hand out.MORE»
Although there are a number of KiwiSaver funds marketed as ethical or socially responsible, the Sustainable Business Network, is seeing how much interest there is a new fund.MORE»
New Zealanders with a mortgage have even more enthusiasm for compulsory KiwiSaver than New Zealanders generally, says the Financial Services Council.MORE»
Most middle income New Zealand employees are being sent down a road to a financially uncomfortable retirement, says the Financial Services Council (FSC).MORE»