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Month: July 2013

KASPANZ

AGM Agenda and Chair’s Report

KASPANZ ANNUAL GENERAL MEETING, AUGUST 27TH 2013, 1PM, HORTICULTURAL HALL, 990 GREAT NORTH ROAD, WESTERN SPRINGS, AUCKLAND Agenda Here

Our Chair’s Letter to the Listener August 3-9

Retirement Savings The Kiwi Saver special “On the Money “ July 27 made informative reading. But the issue of a compulsory income stream in the form of an annuity, over a lump sum on retirement requires addressing. The Australian Superannuation Industry acknowledges this is a real flaw in their system, and New Zealand should learn…
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David Jenkin: KiwiSaver must avoid Oz pitfalls

This month New Zealanders will be able to move retirement savings locked up in Australia across to their KiwiSaver accounts. This month’s sixth anniversary of KiwiSaver has been celebrated by industry players and financial commentators, and with some justification. Over 2.1 million Kiwis are now enrolled in the scheme, exceeding even the most optimistic of…
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Retirement Policy and Research Centre Update July 2013

RPRC Update and news We attach the latest quarterly report from the RPRC.  One of the key activities of the three months ended June 30th was the hosting of a Forum on the treatment of overseas pensions for those who are entitled to New Zealand Superannuation. There are some real anomalies and key injustices in the…
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Financial Services Council says ‘Discussion needed around future retirement’

Peter Neilson: Discussion needed around future retirement   So now KiwiSaver is six it’s timely to look at where our income retirement scheme is at. Rather than being content that we’re on the money with what we’ve got, we need to be as clever as clever now and forever to get our savings scheme working to…
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Treasury suggestions “Affording our futures”. Be wary of the media Headlines, re the extreme options, the report and its many suggestions is worthy of consideration!

Treasury reports should not be, and cannot be dismissed. They represent the view of Governments lead advisor on economic, financial and regulatory issues, and will always be to the forefront of the mix of policy advice and debate. Equally from a group with excellent resources, their advice is not always as robust, as an ideal…
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Martin Hawes suggests Lump sum solution for retirees

Martin Hawes is right on to it, re an annuity or lump sum component for Kiwi Saver monies. It’s the missing ingredient at present in the Kiwi Saver scheme, and Martins suggestion is echoed across the Tasman, as our Australian counterparts receive large lump sums, and the critics are saying in Australia , this was…
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