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KiwiSaver

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Personal insurance claims maintain support for New Zealanders

5 Aug 14 - FSC Media Release - The amount paid out in claims by the personal insurance industry (life and income protection insurance) in the year ending June 2014 was $1,096,617,000 maintaining the support the industry provides to New Zealanders.

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Campaign says savers overtaxed

31 Jul 14 - Stuff.co.nz - The Government's tax take could increase if it cut taxes on savings, one of the organisations behind the Fair Tax for Savers campaign says.

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Government's retirement age policy of 65 more an issue of trust now, rather than policy, English says

23 Jul 14 - Interest.co.nz -Finance Minister Bill English has given an intriguing insight into what a different Government without John Key as Prime Minister might do about New Zealand's age of entitlement for New Zealand Superannuation, which is currently set in stone at 65.

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Inside Money: ANZ changes name and fees for default Kiwisaver scheme

3 Jul 14 - NZ Herald - ANZ has bowed to the inevitable, finally scraping the last remnant of the OnePath name off its investment footprint while introducing a number of other changes to its default KiwiSaver scheme.

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Half of young workers already saving to retire - bank survey

3 Jul 14 - NZ Herald - Tamsyn Parker - More than half of young Kiwi workers are already saving for their retirement, according to a survey by the ANZ.

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Planning retirement? Just start saving

29 Jun 14 - Stuff.co.nz - OPINION: The amount that you need to fund a decent retirement is a difficult topic.

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KiwiSaver exceeds expectations

29 Jun 14 - Stuff.co.nz - Kiwisaver has amassed three times as many members as expected in its first seven years, but it has plenty of challenges ahead.

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KiwiSaver: 'Second chance' home rules tough

25 Jun 14 - NZ Herald - Helen Twose - Owning a section can be a stumbling block when seeking to withdraw your savings to build a house.

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Peter Neilson: Why you need a $350k retirement nest egg

23 Jun 14 - In response to Tamsyn Parker's article - Does Labour's KiwiSaver plan stack up? Financial Services Council CEO Peter Neilson responds.

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Labour proposes universal KiwiSaver scheme

22 Jun 14 - Interest.co.nz - Labour proposes universal KiwiSaver scheme with exemptions for very low paid, beneficiaries and self employed; sees contributions rising to 9%

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Smarter option to hiking rates

22 Jun 14 - NZ Herald - Rob Salmond -When Michael Cullen launched KiwiSaver in 2007, I went with him on a school visit to Paraparaumu College. He was impressive. He even quoted Suzanne Paul - "but wait, there's more" - when talking about employer and government contributions, causing mild heart attacks to his PR advisers in the process.

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KiwiSaver debate benefits everybody

22 Jun 14 - NZ Herald - Mary Holm - Discussion about scheme covers broader issues such as deciding how much risk to take, and managing savings.

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Time is right for compulsory KiwiSaver

21 Jun 14 - NZ Herald - Claire Matthews - Massey University's Claire Matthews argues that compulsory KiwiSaver is needed, but low-income earners should not be excluded.

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Labour wants KiwiSaver rate hike

17 Jun 14 - Stuff.co.nz - Labour would boost KiwiSaver contributions to 4.5 per cent for employers and 4.5 per cent for employees by 2021, party leader David Cunliffe says.

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FSC Welcomes Labourís Plan to Help More New Zealanders Achieve a Comfortable Retirement

17 Jun 14 - FSC Media Release - The FSC welcomes Labourís Plan to help more New Zealand employees achieve a comfortable retirement by stepping up KiwiSaver contributions up to 9% over time.

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Overvalued dollar sounds alarm bells

15 Jun 14 - NZ Herald - Brian Fallow - The exchange rate may have eased in recent weeks but two reports remind us of just how overvalued the kiwi dollar is.

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Taking on troubling KiwiSaver myths

15 Jun 14 - NZ Herald - Mary Holm - Contrary to rumours, Govt has no plans to muddy retirement scheme, and hardship withdrawals are possible.

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The mortgage or KiwiSaver?

12 Jun 14 - NZ Herald - Tamsyn Parker - Finding extra money in your budget to pay for mortgage cost increases can mean weighing up other spending decisions.

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Three weeks left for 'free money' in Kiwisaver

10 Jun 14 - Stuff.co.nz - KiwiSaver members have only three weeks left to take advantage of "free money", but many are not even aware the offer exists.

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KiwiSaver can help with tough times

8 Jun 14 - NZ Herald - Mary Holm - Retirement fund can be accessed in times of serious financial hardship but care is needed in deciding how to use it. Your KiwiSaver fund is a safety net for the big falls only.

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Should you take your money out of KiwiSaver at 65?

8 Jun 14 - NZ Herald - Tamsyn Parker - I haven't really thought about what I will do with my KiwiSaver money when I finally get my hands on it - 65 seems too far away when you are in your 30s and who knows if that will still be the age you can take it out by then!

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Are you in the right Kiwisaver fund?

2 Jun 14 - Stuff.co.nz - Nobody has a crystal ball, so while the past can provide some indication of what an investor might expect, there are no guarantees.

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Financial check-ups a lifelong task

1 Jun 14 - Stuff.co.nz - John Body - OPINION: It goes against accepted wisdom, but the most surprising finding from recent work carried out by the Commission for Financial Literacy and Retirement Income is that New Zealanders rate highly in their financial knowledge.

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KiwiSaver: Moving funds across the Tasman tricky

1 Jun 14 - NZ Herald - Helen Twose - Portability of superannuation between this country and Australia seems to operate mostly one way at present.

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KiwiSaver research finds 'gaping holes' in knowledge

25 May 14 - NZ Herald - Tamysn Parker - Nearly seven years after KiwiSaver was launched there are still gaping holes in what people know about the features and benefits of the scheme, according to KiwiSaver provider Mercer.

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Take the plunge, research KiwiSaver

25 May 14 - NZ Herald - Mary Holm - It's easy to investigate online the details of funds , including fees, services, past returns and investments.

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New Zealanders with a mortgage even keener on compulsory KiwiSaver

20 May 14 - Media Release - New Zealanders with a mortgage have even more enthusiasm for compulsory KiwiSaver than Kiwis generally, says Financial Services Council (FSC), CEO, Peter Neilson.

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Does higher risk give better return?

18 May 14 - Interest.co.nz - Regular readers will know that we have been analysing KiwiSaver serturns on the basis of regular savings patterns.

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Do most people really want complusory KiwiSaver?

18 May 14 - Stuff.co.nz - Do seven in 10 people really want KiwiSaver to be compulsory? The Financial Services Council, which is a lobby group for insurers and fund managers (many of which make money from offering KiwiSaver) said they do, and published the results of a survey to prove it.

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Disappointment at No Tax Relief for KiwiSavers in Budget 2014

15 May 14 - Media Release - The Financial Services Council is disappointed that after the 2014 Budget, the Government will keep in place the worldís most punitive tax regime for superannuation savings, said the FSC CEO, Peter Neilson.

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KiwiSaver tax cuts needed for comfy retirement - industry group

11 May 14 - NZ Herald - Most middle income earners won't be able to retire comfortably unless tax rates for KiwiSaver investments are slashed and savers are forced to take on more risk, a lobby group for the industry claims.

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Perils in compulsory saving plan

11 May 14 - Business Day - Stuff.co.nz - OPINION: Labour's proposal to make KiwiSaver compulsory for wage-earners, and use it to stimulate and dampen the economy by lifting and dropping contribution rates, would result in a different-looking New Zealand.

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KiwiSaver a good deal, regardless

10 May 14 - Business Day - Stuff.co.nz - OPINION: Consider this: "The best form of saving that any individual can make on average is to reduce their borrowing, and in most cases this means paying off credit cards, and then their mortgage as soon as possible."

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Capital Markets: Peter Neilson: Can compulsory KiwiSaver be a game changer

8 May 14 - NZ Herald - Today's KiwiSaver balances barely reach $20 billion, whereas the NZX is worth about $90 billion and our love affair with residential real estate puts our investments there at more than $600 billion.

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Most middle income New Zealanders being set on road to lower income retirements

8 May 14 - FSC Media Release - Most middle income New Zealand employees are being sent down a road to a financially uncomfortable retirement, says the Financial Services Council (FSC).

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Inside Money: Keep KiwiSaver tidy - why it doesn't need messing with

4 May 14 - NZ Herald - Labour's proposal to transform KiwiSaver into a direct instrument of monetary policy has generated acres of comment. And perhaps that was the point. David Parker's KiwiSaver policy announcement was a brilliant political differentiator; the policy itself was less shiny.

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Australia retirement age upped to 70

4 May 14 - Stuff.co.nz - Australians born after 1965 will have to work until they are 70 before they are eligible for a pension, Australian Treasurer Joe Hockey will announce later today.

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What's the cost of Labour's Kiwisaver plan: National

4 May 14 - Stuff.co.nz - National wants Labour to say how much its policy to keep interest rates down will cost wage earners, calculating it would need to strip an extra 6 cents of every dollar earned to equal a 1 per cent interest rate rise.

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Labour's proposed Kiwisaver changes critiqued

4 May 14 - NewsTalk ZB - Labour's proposed KiwiSaver changes will need very careful planning, according to a new report.

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New Zealanders reject claim they donít have a retirement savings problem: 41% say ďforce me to saveĒ

30 Apr 14 - FSC Media Release - The public resoundingly disagree with one university expertís opinion that New Zealand does not have a retirement savings problem and donít need compulsory KiwiSaver.

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Labour to use KiwiSaver to drop dollar

29 Apr 14 - The NZ Herald - Finance Minister Bill English says Labour's plan to overhaul the rules on compulsory Kiwisaver contributions is "nothing new".

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KiwiSavers back lower tax rates

22 Apr 14 - FSC Media Release - KiwiSavers back lower KiwiSaver fund tax rates paid for by abolishing the $521 annual tax credit. A Horizon Poll commissioned by the Financial Services Council shows KiwiSavers support removing the annual $521 members tax credit (MTC) to fund lower KiwiSaver fund tax rates.

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Think tank calls to end super tax concessions

22 Apr 14 - Financial Standard Online - Australia's superannuation tax concession is too generous towards the wealthy and should be scrapped before it becomes an expensive drag on the country's finances, according to new research from the Australia Institute.

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KiwiSaver: Looking for a DIY option on KiwiSaver

22 Apr 14 - The NZ Herald - Helen Twose - In Australia, where contributing to superannuation is compulsory, there is an option for DIY super funds, ie you manage it yourself. It can be a more costly option in terms of the hoops to jump through for compliance but does give you more freedom around choice of investment.

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One in five women near retirement age will have to rely on state pension

22 Apr 14 - The Telegraph (UK) - Report suggests gender divide in pay continues after retirement with women living on 40 per cent less than men.

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The case for change: tax and default suggestions from the industry

17 Apr 14 - Presentation at Retirement Policy Research Centre Forum Retirement Income Policy: The future is now

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Fair tax for KiwiSaver funds a key election issue

17 Apr 14 - In this election year the parties need to say how they will reduce the unfair over-taxation of KiwiSaver funds that prevents most New Zealand employees from achieving a comfortable retirement.

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$278b - our lost pot of superannuation gold

13 Apr 14 - NZ Herald - Research suggests axed super scheme would have been a bonanza for everyone.New Zealand could have had a superannuation pot of gold worth $278 billion by next year had it kept a compulsory savings scheme set up in 1974, a financial industry body claims.

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Consumer Watch: KiwiSaver management fees to shrink

12 Apr 14 - NZ Herald - Are you getting value for money from your KiwiSaver provider? The retirement savings scheme is 7 years old and the average balance for the 2.2 million members across all schemes is just over $8,000.

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Make KiwiSaver universal: Labour

12 Apr 14 - Stuff.co.nz - Labour is reigniting calls for KiwiSaver to be made universal, after research shows the New Zealand Super Fund could have been worth $278 billion had it not been scrapped in the 1970s.

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The Financial Services Council is a non-profit member organisation and the voice of the financial services sector in New Zealand. Learn more
     

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