News

NZ Investment Governance Survey 2011 - Report

28 November 2011

Russell Investments, with the support of Workplace Savings NZ, has surveyed the investment governance structures of a representative sample of 29 superannuation schemes.  The results of the inaugural survey are now available - click here to download a copy of this report. 

Make Kiwisaver compulsory: CEOs

17 November 2011

A big majority of chief executives want KiwiSaver made compulsory.  Seventy-seven per cent of respondents to the Herald's CEO survey are in favour of compulsion, which is a key Labour Party election plank.

Greens say they can lower KiwiSaver fees 40%

7 November 2011

The Green Party’s plan to encouraging savings by reducing the high costs of saving.

Lifting the age of super pragmatic

27 October 2011

Increasing the age of eligibility for New Zealand superannuation to 67 will put it on a more sustainable footing for the long term, according to Workplace Savings NZ.  The Labour Party has today announced plans, if it wins power, to gradually lift the age of eligibility from 65 to 67 over the next 22 years, with no changes to start until 2020.

Warning over cost of KiwiSaver plan

19 October 2011

KiwiSaver auto-enrolment could be costly and time-consuming for default providers of the savings scheme and frustrating for workers, says the chairman of superannuation industry body Workplace Savings NZ.

KiwiSaver auto-enrolment go-ahead

18 October 2011

Finance Minister Bill English this afternoon said his Government had considered KiwiSaver auto-enrolment and decided to go ahead with the plan in 2014/15 if its books have returned to surplus by then.

Spotlight on clear KiwiSaver and workplace savings comms

4 October 2011

Improving financial literacy and giving the public clearly understandable financial information are hot topics right now.  The providers of workplace savings and KiwiSaver schemes have the opportunity to show they care about clear, honest communication through the Workplace Savings NZ Communication Awards.

MED throws out FMA funding fee proposal

13 September 2011

The Ministry of Economic Development (MED) has rejected all four of its original funding proposals for the Financial Markets Authority (FMA), opting instead for a tiered system with "no charging based on individual advisers."

Submission on the Financial Markets Conduct Bill

6 September 2011

Click here to see a copy of the Workplace Savings NZ submission to the MED on the Financial Markets Conduct Bill Exposure Draft.

ID Verification Code of Practice released

1 September 2011

The Identity Verification Code of Practice was approved by notice in the NZ Gazette today (1 Sep 2011) under the AML/CFT Act 2009.  This code of practice comes into force on 30 June 2013.