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Month: October 2013

KASPANZ

Latest news from the Commission

About us Financial literacy Retirement income Retirement villages Research & reports News & media Have your say: 2013 Review of Retirement Income Policies You will have heard that we released the 2013 Review of Retirement Income Policies discussion document earlier this month. The Review draws on a mix of background papers, submissions, analysis and other…
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NZ Super – The $500,000 Gift

Sunday Star Times 19 October 2013 THE GREAT GIFT OF NZ SUPER OPINION: For the great majority of people, NZ Super is an important part of the financial plan. Most of us do not want to be completely dependent on it, but NZ Super does, nevertheless, provide an excellent base retirement income.

Our Chair’s Letter Sunday Star Times

On Colin Espiner’s Blog (see below Alec’s Letter) Published 20th October Colin Espiner “Our pension penchant” continues a regular theme of headline articles on retirement income, with superficial comment, and doom and gloom ingredients.  Espiner needs to come to grips with the fact the universality of NZ Super and the model utilized is recognized by…
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Government keeps conservative default KiwiSaver funds, to re-tender for providers

Government keeps conservative mandate for default KiwiSaver funds, to re-tender for providers The government has settled on keeping the existing investment mandate for default KiwiSaver providers to manage funds conservatively, fending off attempts to implement a tiered approach based on members’ age http://www.sharechat.co.nz/article/86f625c5/government-keeps-conservative-mandate-for-default-kiwisaver-funds-to-re-tender-for-providers.html

NZS IS AFFORDABLE NOW – MORE AFFORDABLE IN 2050. Michael Littlewood,

Two main points  New Zealand Superannuation (NZS) is one of the simplest, most effective, and most cost effective Tier 1 schemes in the developed world. We mess with it at our peril. We have never had a research-led discussion on any aspect of the design of NZS and, once we get through the 2014 election, that…
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Proceedings of the RPRC Forum: Does the UK’s reform of pensions have lessons for New Zealand?

The presentations from the RPRC’s 23 September forum Does the UK’s reform of pensions have lessons for New Zealand? are now available online in the Forum Proceedings. The Retirement Commissioner’s discussion document, Focusing on the Future, was released on 9 October and the Financial Services Council’s report How to SuperSize Retirement Income was released on…
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Kiwisaver comparison tool coming soon

STANDARDISED REPORTING IS GETTING CLOSER. Sorted .org.nz is launching on Nov 11,2013 a Kiwi Saver comparison tool, the intention to make meaningful comparisons between Kiwi Saver Funds

Misunderstanding of Government Superannuation Fund

Our Policy is generally not to publish anonymous posts or comments.   We publish the below as it shows a misunderstanding of the history and role of the government employees  contributory pension fund.   We publish with it a statement of the correct information from the Auckland Government Superannuitants Association web site. Its not the…
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Future of Super Papers

Financial Services Council Future of Super Conference in Auckland today. Copies of the research can also be downloaded from the FSC web site at:http://fsc.org.nz/SuperSizeRetirementIncome.html Options Future of Super Conference 14 October 2013 Rt Hon Dame Jenny Shipley Opens Conference FSC – How to Supersize Retirement Incomes FSC – Taxation and Savings Paper – Final Infometrics…
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Kaspanz Chair Makes Sunday Star Times

Don’t panic on pensions ROB STOCK Sunday Star Times Oct 13th, 2013 D1, D5 Fears of a massive unaffordable pensions blowout in future may be easing as analysis suggests a sustainable solution is achievable. Measures proposed by the Retirement Commission are estimated to cut the cost of NZ Super to about 6.5 per cent of…
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