KiwiSaver yet to win public's trust
The industry needs to win the public's trust before people will hand over their retirement savings in exchange for a regular income.
The industry needs to win the public's trust before people will hand over their retirement savings in exchange for a regular income.
More than a third of Kiwisavers are withdrawing their funds when they hit retirement and spending it on cars, boats and home improvements.
Blended families are common in New Zealand.
I am 21 years old and have about $4000 in my KiwiSaver. Because I've been contracting for the last couple of years I haven't been making any contributions.
Calls are being made for clearer rules around what happens to a person's KiwiSaver savings when they are declared bankrupt.
Many funds charge over $100 a year in management fees, which take a big chunk out of KiwiSaver earnings. The Govt has responded by tightening up on the fees that default schemes can charge.
According to a list I compiled earlier, 11 KiwiSaver providers volunteered for default duty but only nine were approved by the government last week.
So what's the difference between KiwiSaver and the Government's Superannuation Fund and is Kiwisaver backed by the Government?
Q: We are a couple in our early 30s who own a rental house and live in a rental too. We have been paying as much as possible off our mortgage and now find ourselves in a position where we are making a profit (taxable) on the rental property.
I pay into a standard KiwiSaver scheme (3 per cent me, 2 per cent employer), the ASB KiwiSaver provider.
Ryman Healthcare will invest $690 million in Auckland, building five of eight new villages in the city including one $210 million project.
It's a sunny weekday morning and the lounge of Maygrove Village in Orewa is sparsely populated.
On the field, Richie McCaw and Dan Carter have largely managed to avoid the wrath of referees' cards.
The latest Reserve Bank managed fund statistics reinforce two important features of our investment markets.
"Spending the Kids' Inheritance" - or SKIing as it is sometimes called - is an increasingly popular phenomenon.
This is a KiwiSaver aspect I have never seen discussed regarding the scheme reaching its "fruition".
The National government is once more coming under pressure to lift the retirement age, this time from coalition partner, the Act Party, writes David Chaplin.
Who better than Prebble to spot a potential wedge between National and Act and create a groundswell in favour of raising the superannuation age, writes Fran O'Sullivan.