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Last Article Uploaded: Saturday, February 27th, 10:05AM

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IRD to fork out $6.6 million for KiwiSaver pay delay

After delays due to a move to a new technology platform, the IRD are having to compensate many KiwiSaver accounts to the tune of $6.6 million.

Monday, February 22nd, 9:07AM

Compensation of $6.6 million will be paid by the Inland Revenue Department to KiwiSaver members whose payments were delayed by a move to a new technology platform last year.

The switch occurred in April last year, during which IRD put some KiwiSaver employer contributions on hold.

This delay has meant that some KiwiSaver members potentially missed out on investment gains.

IRD...MORE»

Default KiwiSaver: Which providers are fighting to keep their status?

Friday, February 5th, 6:38AM

[Updated] Despite a shroud of secrecy from MBIE, Good Returns can report that 7/9 default KiwiSaver providers have applied to retain their status, with two notable exceptions keeping quiet.

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MJW KiwiSaver survey reveals balanced and growth fund overlaps

Tuesday, January 26th, 6:00AM

A survey by MJW Investments looking at the performance of KiwiSaver funds over the last ten years reveals a large overlap between balanced and growth funds.

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Juno to increase KiwiSaver fees, not pursuing default status.

Thursday, October 29th, 3:15PM

Juno KiwiSaver funds are increasing fees for some clients, not going to pursue default provider status.

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KiwiSaver: The opportunity set of a lifetime

Monday, October 26th, 9:37AM

NZ Funds chief executive Michael Lang outlines three ways the financial services industry could further grow KiwiSaver.

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It's time sharebrokers had uniform fee disclosure

Wednesday, October 21st, 7:03PM

NZ Funds chief executive Michael Lang says it is time sharebrokers faced a uniform fees disclosure regime like managed funds.

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Tender for default KiwiSaver funds finally arrives

Sunday, October 4th, 9:31PM

The Ministry of Business, Innovation & Employment has outlined new criteria for KiwiSaver default fund providers as it seeks bidders in a request for proposals released today.

MORE»

KiwiSaver - After the Covid downturn

Friday, September 11th, 11:57AM

Eight KiwiSaver experts discuss how the scheme performed during the Covid downturn and discuss what needs to change.

MORE»

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Mortgage Rates Table

Full Rates Table | Compare Rates

Lender Flt 1yr 2yr 3yr
AIA 4.55 ▼2.29 ▼2.59 ▼2.65
ANZ 4.44 2.89 3.25 3.39
ANZ Special - 2.29 2.69 2.79
ASB Bank 4.45 2.29 2.59 2.65
Bluestone 3.49 3.34 2.99 3.34
BNZ - Classic - 2.29 2.59 2.79
BNZ - Mortgage One 5.15 - - -
BNZ - Rapid Repay 4.60 - - -
BNZ - Std, FlyBuys 4.55 2.89 3.19 3.39
BNZ - TotalMoney 4.55 - - -
CFML Loans 4.95 - - -
Lender Flt 1yr 2yr 3yr
China Construction Bank 4.49 4.70 4.80 4.95
China Construction Bank Special - 2.65 2.65 2.80
Credit Union Auckland 5.45 - - -
Credit Union Baywide 5.65 3.95 3.85 -
Credit Union South 5.65 3.95 3.85 -
First Credit Union Special 5.85 2.95 3.45 -
Heartland Bank - Online 2.50 1.99 2.35 2.45
Heretaunga Building Society 4.99 3.50 3.40 -
HSBC Premier 4.49 2.25 2.35 2.65
HSBC Premier LVR > 80% - - - -
HSBC Special - 1.99 - -
Lender Flt 1yr 2yr 3yr
ICBC 3.69 2.25 2.35 2.65
Kainga Ora 4.43 2.79 3.04 3.13
Kainga Ora - First Home Buyer Special - 2.25 - -
Kiwibank 3.40 3.20 3.50 3.50
Kiwibank - Offset 3.40 - - -
Kiwibank Special 3.40 2.35 2.65 2.65
Liberty 5.69 - - -
Nelson Building Society 4.95 3.20 3.24 -
Pepper Essential 4.79 - - -
Resimac 3.39 3.35 2.99 3.35
SBS Bank 4.54 2.79 2.79 3.15
Lender Flt 1yr 2yr 3yr
SBS Bank Special - 2.29 2.29 2.65
Select Home Loans 3.49 3.34 2.99 3.34
The Co-operative Bank - First Home Special - 2.09 - -
The Co-operative Bank - Owner Occ 4.40 2.29 2.59 2.79
The Co-operative Bank - Standard 4.40 2.79 3.09 3.29
TSB Bank 5.34 3.09 3.29 3.45
TSB Special 4.54 2.29 2.49 2.65
Wairarapa Building Society 4.99 3.55 3.49 -
Westpac 4.59 3.09 3.29 3.39
Westpac - Offset 4.59 - - -
Westpac Special - 2.29 2.69 2.79
Median 4.55 2.79 2.99 2.80

Last updated: 26 February 2021 11:27am

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