
Pension funding planning falls short
Almost two-thirds of New Zealanders nearing retirement have not yet worked out how much money they will need to keep afloat after retiring, a new survey has found.
Almost two-thirds of New Zealanders nearing retirement have not yet worked out how much money they will need to keep afloat after retiring, a new survey has found.
An organisation representing many of New Zealand's 33,000 retirement village residents has backed changes to the dispute system.
The need to strengthen the retirement village complaints system has been questioned following a report recommending change.
A forum is being established by the retirement commissioner to investigate better ways to resolve disputes.
Benchmarks are relatively important to investors: without them the performance figures churned out by fund managers dissolve into random floating numbers, writes David Chaplin.
The New Zealand Super Fund says it'll stick to a strong equities weighting following a five-year review.
David Chaplin, editor of financial services industry website Investment News looks at growing old and retirement funding.
Ryman Healthcare plans to increase resident numbers by 70 per cent in the next five years in New Zealand and Australia as it also mulls an ASX listing.
Michael Littlewood reckons the key to being set up for retirement is owning your own home and paying off your debts. And he'd know.
The results of a probe into retirement village residents' complaints and disputes with their owners and managers will be revealed next month and could lead to a shake-up.
Retirement village residents have created their own body, seeking a law review to give them more power.
New research from JP Morgan reveals which country has the best-performing sovereign wealth fund in the world.
We need wonder no longer. Funding for the SuperGold Card will be frozen at $28 million plus inflation for the next five years.
Gareth Morgan looks at the morality and practicality of continuing the present system of superannuation.
The scheme was originally budgeted to cost taxpayers $18 million a year. That has now swollen to $26 million, and will continue to rise if nothing is done.
First home buyers using their KiwiSaver savings will have to leave at least $1000 in their accounts in future.
Ryman Healthcare posted a 24pc gain in annual profit to $241.9m as the value of its properties increased and revenue rose.
Nearly 33,000 New Zealanders live in retirement villages, up from just over 24,000 people three years ago.
Nearly 50 per cent of women find it uncomfortable to talk about their long-term financial future.
KiwiSaver providers are struggling to move savers out of the default funds despite a requirement by the Government to give people more information on their choices.
Two near-misses in which elderly dementia sufferers narrowly avoided harm after wandering away from caregivers have been slammed as "appalling".
Many retirees are treating the KiwiSaver concept as a Lotto-style payout. Half of them are withdrawing their money and, of that number, most are blowing it on overseas holidays, cars, boats and consumer goods.
Soaring property costs will mean more New Zealanders are likely to experience hardship in retirement.