Tag: retirement_savings
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KiwiSaver Shows Resilience with $123 Billion Under Management
The latest KiwiSaver Annual Report indicates the scheme's resilience amid economic challenges. The report, released by the Financial Markets Authority (FMA), shows total funds under management grew by 10% to $123 billion, driven by $12.2 billion in contributions and $6.4…
BusinessPolitics and GovernmentEconomyFinancial MarketsEmployment and LaborState Governments KiwiSaverFinancial Markets AuthoritySamantha Barrassretirement savingsinvestmentfinancial wellbeingAucklandNZ Financial Markets Authority
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New Zealand to Increase KiwiSaver Contributions in 2025
The New Zealand government plans to increase KiwiSaver contributions to encourage savings for first homes and retirement, according to Finance Minister Nicola Willis. The changes, part of Budget 2025, aim to make the scheme more fiscally sustainable. The default rate…
Politics and GovernmentBusinessEconomy KiwiSaverNicola WillisBudget 2025Retirement savingsGovernment contributionFinancial security