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Viewing entries tagged with 'CFFC'

Maxwell on the future of funding super

30 December 2016

Diane Maxwell: The cost of NZ Super is growing faster than GDP. Today NZ Super costs $30m a day. In 20 years, it will rise to $98m a day. With an optimistic lens we can say that Super will remain low as a proportion of GDP, relative to many OECD countries, but the argument ignores the other government costs that will increase, including health and aged care. Stuff.co.nz.  More>

Maxwell: 'Make immigrants wait for Super'

19 December 2016

Maxwell, who has a statutory duty to advise Parliament every three years on retirement income policy, thinks people should have 25 years as an "ordinary resident" in New Zealand after the age of 20 before they qualify for NZ Super, though they would qualify for emergency benefits if they fell on hard times before that. Stuff.co.nz. More>

Kiwisaver suspension not a "holiday"

12 December 2016

The right to suspend payments to KiwiSaver schemes should be reduced from five years to one and the so-called ‘contributions holiday’ should be renamed a ‘savings suspension’ to “remove the positive connection... Businessdesk.co.nz. More>

Ageism threat to retirement

12 December 2016

Retirement Commissioner Diane Maxwell is calling for measures to tackle ageism before raising the age NZ Super is paid from to 67. Stuff.co.nz. More>

Retirement Commissioner's annual review released

9 December 2016

Today we are releasing the first of two sets of recommendations for change, which we are presenting to the government. But you won’t find them buried in a traditional policy document. CFFC.org.nz. More>

FMA: Who's taking $40,000 out of your KiwiSaver - for what?

23 September 2016

Jacqueline (not her real name) has $90,000 in her KiwiSaver account - but she's angry she has no idea how fees charged by her provider have affected her eventual nest egg. NZ Herald.  More> 

Morningstar economic update: September 2016

23 September 2016

Many asset classes, both at home and overseas, ran into heavy weather over the past month, principally because markets started to confront the reality rather than the distant prospect of more-normal monetary policy in the United States. Many asset valuations had made sense only when interest rates looked likely to remain very low,and thus were vulnerable when the tide started to turn. From RaboDirect.  More> 

Go forth and become a fund manager

23 September 2016

Carmel Fisher: I wonder how many parents would consider fund management as a worthy career for their sons and daughters? I would, but then I’ve enjoyed being part of the fund management industry for nearly thirty years and seen its impact on people’s lives. From RaboDirect.  More> 

Work to change fee disclosure

21 September 2016

A working group has already begun to look at ways that KiwiSaver fees could be reported with more transparency.  CFFC group manager of investor capability David Boyle said there was clear consumer demand for fees to be presented in an easier-to-understand way. Goodreturns.co.nz.  More> 

Advisers' big fee hurdle

14 September 2016

Advisers and the advice industry have a challenge to get clients to understand that financial advice is not a free good and that they will need to pay for it in some way, AMP's director of sales and advice, Blair Vernon, says. Goodreturns.co.nz. More>