Stability key for KiwiSaver providers
The Association of Superannuation Funds of New Zealand (ASFONZ), which promotes workplace savings, held two forums recently, in conjunction with Inland Revenue, which involved nearly all providers of KiwiSaver schemes.
The Auckland and Wellington forums discussed issues of concern among providers to allow the smooth rollout of KiwiSaver changes and workplace savings schemes.
There was strong feedback from providers that they are now looking to the government for a period of regulatory stability for KiwiSaver.
“Constant rule changes have been costly for providers, ultimately impacting on KiwiSavers through direct costs and through the extent of resources that providers have had to commit to accommodating the changes,” ASFONZ chair David Ireland says.
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