News

KiwiSaver changes make saving tougher – Workplace Savings NZ

19 May 2011

The KiwiSaver changes announced in the Budget do not alter the need for people to save for their retirement, but they will make the journey to your savings goal much tougher.

Super rises 19% under National, PM tells Greypower

9 May 2011

In a speech to Greypower, Prime Minister John Key told the audience at their AGM in Hamilton that the National Government has delivered to superannuitants and will continue to do so.

Building Trust in Financial Markets

4 May 2011

The Government has a golden opportunity in this year's Budget on 19 May to continue to build trust in New Zealand's financial markets by not tinkering with KiwiSaver benefits.  Workplace Savings NZ Chairman David Ireland says the industry considers it highly likely that KiwiSaver incentives are at the top of the list of the Government's savings targets in the upcoming Budget, and another casualty might be the first home deposit subsidy from Housing New Zealand.

New financial markets watchdog opens for business

2 May 2011

The Financial Markets Authority officially opened for business today, almost a year to the day after Commerce Minister Simon Power announced its formation. The FMA takes over the functions of the Securities Commission and Government Actuary which are being disestablished, and consolidates other regulatory functions from the Ministry of Economic Development.

OECD supports capital gains tax, lifting retirement age

27 April 2011

A new report by the Organisation for Economic Cooperation and Development (OECD) argues New Zealand to favour a capital gains tax, and lift the retirement age.

KiwiSaver relief for earthquake-affected Cantabrians

19 April 2011

Commerce Minister Simon Power today announced relief for earthquake-affected Cantabrians who have KiwiSaver accounts by making it easier for them to withdraw their contribution.

Submission on the Periodic Reporting Regulations for Retail KiwiSaver Schemes Discussion Paper

11 March 2011

Workplace Savings NZ has today made its submission on the above to the Ministry of Economic Development.  Our appreciations to all of our members who contributed their time and expertise to this work.  Click here to read what we had to say.

KiwiSaver changes may be costly, warns industry

3 February 2011

Industry players have welcomed a proposal to automatically enrol all employees aged over 18 into KiwiSaver but warn more changes to the scheme are likely to bring more costs - some of which will have to be passed on to savers.

Media Release - KiwiSaver recommendations “a starting point”

2 February 2011

The Chairman of Workplace Savings NZ David Ireland says the recommendations are a starting point for discussions around KiwiSaver, but not the solution.
“Leaving KiwiSaver voluntary for the time being makes a lot of sense, for the reasons set out in the report, but you can be sure this will not be the end of the compulsion debate"

Savings Working Group releases final report

1 February 2011

The Savings Working Group released its final report "Saving New Zealand: Reducing Vulnerabilities & Barriers to Growth & Prosperity" to the Minister of Finance today.