29 May 2009
Automatic Government contributions to the New Zealand Superannuation Fund will be suspended for 11 years. And KiwiSaver mortgage diversion facilities will be closed to new applicants from 1 June.
16 April 2009
Finance and accounting professionals are split over KiwiSaver, with almost half of them not contributing to the scheme, according to results from a survey carried out by recruitment firm Robert Half.
2 April 2009
AUSTRALIA - Superannuation reports will make long-term returns much more prominent on statements in order to highlight the long term nature of the investments. From now on, all super report statements will be required to show five-year returns in member statements with ten year returns added as of next year.
10 December 2008
It should be no surprise that employees in KiwiSaver with bosses who pay above the current minimum will have to pay extra tax, Finance Minister Bill English said this morning.
6 October 2008
Despite global financial market turmoil more New Zealanders understand what KiwiSaver is all about and are using it to save for their retirement, a new survey shows.
15 September 2008
Amendments to the mortgage diversion regulations signed by Order in Council today allow more types of mortgages to qualify for the mortgage diversion facility.
12 September 2008
On 3 September a rushed amendment to the Employment Relations Act was passed that impacts on every employer offsetting their contributions to KiwiSaver within the remuneration package paid to employees. The prospect of total remuneration arrangements being under threat had been signalled as long ago as July - what had not been anticipated had been the lack of consultation that occurred with the wording of the amendments made, and the possible far reaching implications.
24 July 2008
Septuagenarian protesters greeted Social Development Minister Ruth Dyson at an Auckland Grey Power meeting yesterday with placards demanding their rights to foreign pensions.
4 July 2008
The Ministry of Economic Development has commenced a study of the impacts of KiwiSaver on New Zealand's superannuation market and the wider financial sector. As part of this study a number of industry participants will be asked to take part in a workshop or interview. Read more....