NZ retirement system - simple but not superBY STEPHEN FAY | FRIDAY, 20 APR 2018 9:24AM The New Zealand retirement system framework is common but not universal. It is established yet still evolving. The framework is simple, but not super. What results is encouraging ... Upgrade your subscription to access this article
Join the growing community of superannuation
professionals with unlimited access to our latest news, research and analysis of the industry.
Become a premium subscriber today. |
Latest News
Trustees, platforms, cyber risk under APRA spotlight
Superannuation trustees, platforms and cyber resilience will be under more scrutiny in the 2027 financial year from the prudential regulator.
Nanuk lands AustralianSuper investment heavyweight
Nanuk Asset Management adds serious firepower to its investment team when it appointed Oliver Johnson, formerly at AustralianSuper, early this month.
Australians struggle to navigate super and age pension divide
Australians are approaching retirement with growing uncertainty about how superannuation and the Age Pension will work together, with new research pointing to gaps in both preparedness and confidence.
HUB24 loans $78m to HTFS, beefs up ORFR reserves
HUB24 has advanced $77.5 million to HTFS Nominees, the trustee of its superannuation fund, to beef up Operational Risk Financial Requirement (ORFR) reserves following APRA's imposition of licence conditions.
Further Reading
Cover Story
Leading the way
SHARON DAVIS
NON-EXECUTIVE DIRECTOR
FUTURE GROUP AUSTRALIA HOLDINGS PTY LTD
NON-EXECUTIVE DIRECTOR
FUTURE GROUP AUSTRALIA HOLDINGS PTY LTD
Sharon Davis has always been fascinated by the human condition; it has driven her passion for people, her career, and building a better future for the next generation and beyond. Eliza Bavin writes.
Expert Feed
What if your super fund's biggest cost isn't on any report you've seen?
The cost of poor-quality onboarding and incomplete member data is not something most super funds can easily put a number on, but that needs to change.
Not all income is created equal
Why Australian public credit may be the most compelling source of income in today's market.
The case for private markets
As more companies stay private for longer, there is a real case for investors looking to the private markets for overall diversification purposes.
Dot dismissal: Scenario analysis in a regime-changing world
Investors hardly need reminding that macro shocks, both positive and negative, are hitting the global economy with growing frequency and force.
A significant difference between the two systems was omitted. Tax. There are few and very minor concessions. In Australia's retirement you have them on the way in, on the way through, then on the way out. Additionally what if a referendum was to say 'no savings = no pension either' instead of 'do you want to save?' NZ remains the last OECD tax system to have zero tax on capital gains, thus why lock up your money for no advantage when the system encourages you to respond this way anyway.