Fee cuts mooted in proposed KiwiSaver revamp

Wed, 29 Jan 2020

Lower fees and more incentives for the self-employed are among recommendations the Commission for Financial Capability has made on ways to improve the KiwiSaver scheme.Changes to the 12-year-old savings scheme, intended to supplement New Zealand Superannuation, accounted for 13 of 19 recommendations the commission made in its latest three-yearly review of retirement income policy.“KiwiSaver is the Swiss Army Knife of New Zealand’s retirement income preparation. It’s already doing a great job, but could be further sharpened and has capacity for...

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