|
|
Latest Headlines
Calls to standardise KiwiSaver rejected
The government has rejected calls to standardise default KiwiSaver schemes as recommended in the Review of Retirement Income Policy.
The review, released just before Christmas last year, recommended that the government investigate whether KiwiSaver default funds should have the same level of fees, on the prescribed asset mix.
It also recommended that default KiwiSaver funds should, essentially, be the same "in order for KiwiSaver members to stand a fair chance of an even outcome."
Tuesday, July 15th 2008, 8:23AM
The ministers responsible for retirement income policies, Michael Cullen and Ruth Dyson, recently provided their official response to the review.
In it they said "we do not agree that the KiwiSaver default funds be further standardised."
"In introducing KiwiSaver we accepted that there may be different outcomes from the different default providers, and have provided the facility for members to switch out of default funds without incurring additional fees."
Commenting is closed
|
|
News Bites
Latest Comments
-
Summit to examine financial advice policy, regulation, and professional standards
“@MrT – I pity the fool that tables a discussion on adviser commission.
Putting the commission issue to one side, there...”
2 days ago by Paul Flood
-
Summit to examine financial advice policy, regulation, and professional standards
“way, WAAAAAY too late to be talking about unintended consequences.
Way too late.
Failed to articulate the problem...”
2 days ago by Aggressively_passive
-
Summit to examine financial advice policy, regulation, and professional standards
“Brian Coogan, "there I've made some rules now pay me" says it all, aka "job creation".
If advisers do something like this,...”
3 days ago by w k
-
Summit to examine financial advice policy, regulation, and professional standards
“If by 'review' you mean more regulation, it's not the answer. Adding layers of clunk to the process only deters client engagement...”
4 days ago by Brian Coogan - Infinance
-
Summit to examine financial advice policy, regulation, and professional standards
“keeping it straight & simple seems to be the hardest thing to do.
making it complex & confusing looks like the trend....”
5 days ago by w k
Subscribe Now
Previous News
-
Wednesday, June 10th, 6:00AM
Passive popular but with Kiwi investors should do more
-
Monday, June 8th, 9:09AM
No Space X boost for S&P500
-
Thursday, May 28th, 9:46AM
Non-bank lender pushes into funds business
-
Monday, May 25th, 10:17AM
Pie Funds new global strategy is paying off
-
Friday, May 22nd, 3:32PM
Jarden restructuring opens door for boutiques, NZSA chief says
-
Friday, May 22nd, 8:27AM
NZ First ‘KiwiSaver generation’ good policy – but will it happen?
-
Thursday, May 21st, 12:01PM
FMA to look for new CEO
-
Thursday, May 21st, 8:59AM
Craigs continues push into the regions
MORE NEWS»
Most Commented On
Mortgage Rates Table
Full Rates Table | Compare Rates
| Lender |
Flt |
1yr |
2yr |
3yr |
|---|
| AIA - Back My Build |
3.34 |
- |
- |
- |
| AIA - Go Home Loans |
5.89 |
4.65 |
5.25 |
5.49 |
| ANZ |
5.79 |
▲5.39 |
▲6.09 |
▲6.29 |
| ANZ Blueprint to Build |
7.39 |
- |
- |
- |
| ANZ Good Energy |
- |
- |
- |
1.00 |
| ANZ Special |
- |
▲4.79 |
▲5.49 |
▲5.69 |
| ASB Bank |
5.79 |
4.65 |
5.25 |
5.49 |
| ASB Better Homes Top Up |
- |
- |
- |
1.00 |
| Avanti Finance - Near Prime |
6.35 |
- |
- |
- |
| Avanti Finance - Specialised |
7.45 |
- |
- |
- |
| Basecorp Finance |
6.35 |
- |
- |
- |
| Lender |
Flt |
1yr |
2yr |
3yr |
|---|
| BNZ - Mortgage One |
5.94 |
- |
- |
- |
| BNZ - Rapid Repay |
5.94 |
- |
- |
- |
| BNZ - Std |
5.84 |
4.65 |
5.19 |
5.39 |
| BNZ - TotalMoney |
5.94 |
- |
- |
- |
| CFML 321 Loans |
3.95 |
- |
- |
- |
| CFML Home Loans |
6.05 |
- |
- |
- |
| CFML Prime Loans |
6.25 |
- |
- |
- |
| CFML Standard Loans |
6.95 |
- |
- |
- |
| China Construction Bank |
6.44 |
4.85 |
4.95 |
4.95 |
| China Construction Bank Special |
6.44 |
5.85 |
5.95 |
5.95 |
| Co-operative Bank - First Home Special |
- |
4.55 |
- |
- |
| Lender |
Flt |
1yr |
2yr |
3yr |
|---|
| Co-operative Bank - Owner Occ |
4.99 |
4.65 |
5.29 |
5.49 |
| Co-operative Bank - Standard |
4.99 |
5.15 |
5.79 |
5.99 |
| Credit Union Auckland |
7.70 |
- |
- |
- |
| First Credit Union Special |
- |
▲5.09 |
5.49 |
- |
| First Credit Union Standard |
6.49 |
▲5.69 |
▲6.09 |
- |
| Heartland Bank - Online |
▲5.80 |
5.89 |
- |
- |
| Heartland Bank - Reverse Mortgage |
7.99 |
- |
- |
- |
| Heretaunga Building Society |
6.50 |
5.50 |
5.65 |
- |
| ICBC |
5.39 |
4.49 |
▲4.99 |
▲5.25 |
| Kainga Ora |
5.79 |
4.59 |
4.95 |
5.19 |
| Kainga Ora - First Home Buyer Special |
- |
- |
- |
- |
| Lender |
Flt |
1yr |
2yr |
3yr |
|---|
| Kiwibank |
5.75 |
5.65 |
6.19 |
6.35 |
| Kiwibank - Offset |
5.75 |
- |
- |
- |
| Kiwibank Special |
5.75 |
4.75 |
5.29 |
5.55 |
| Liberty |
6.65 |
6.55 |
6.22 |
6.20 |
| Nelson Building Society |
6.49 |
4.69 |
5.09 |
- |
| Pepper Money Near Prime |
6.55 |
- |
- |
- |
| Pepper Money Prime |
5.99 |
- |
- |
- |
| Pepper Money Specialist |
8.00 |
- |
- |
- |
| SBS Bank |
5.84 |
5.29 |
5.79 |
5.99 |
| SBS Bank Special |
- |
4.69 |
5.19 |
5.39 |
| SBS Construction lending for FHB |
3.74 |
- |
- |
- |
| Lender |
Flt |
1yr |
2yr |
3yr |
|---|
| SBS FirstHome Combo |
3.29 |
4.19 |
- |
- |
| SBS FirstHome Combo |
- |
- |
- |
- |
| SBS Unwind reverse equity |
7.99 |
- |
- |
- |
| TSB Bank |
6.59 |
5.49 |
6.05 |
6.29 |
| TSB Special |
5.79 |
4.69 |
5.25 |
5.49 |
| Unity First Home Buyer special |
- |
4.09 |
- |
- |
| Unity Special |
5.79 |
4.80 |
5.29 |
- |
| Unity Standard |
5.79 |
5.60 |
6.09 |
- |
| Wairarapa Building Society |
6.15 |
4.95 |
5.45 |
- |
| Westpac |
5.89 |
5.39 |
5.79 |
6.09 |
| Westpac Choices Everyday |
5.99 |
- |
- |
- |
| Lender |
Flt |
1yr |
2yr |
3yr |
|---|
| Westpac Offset |
5.89 |
- |
- |
- |
| Westpac Special |
- |
4.79 |
5.19 |
5.49 |
| Median |
5.94 |
4.80 |
5.45 |
5.49 |
Last updated: 5 June 2026 10:14am |
|
|
