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
Super balances rise but gender retirement gap remains stubborn
|Australian's superannuation balances continued to grow over the 2023-24 financial year, but new data has highlighted a persistent gender retirement gap, particularly among those approaching retirement.
HESTA launches campaign around super tax benefits
The super fund is launching 'Super Saturday' to help those that are missing out on the advantage from super tax benefits ahead of the end of the financial year.
APRA opens consultation to governance reforms
The prudential regulator is lifting the governance bar for superannuation funds and insurers with proposed changes to CPS 510, launching a consultation as part of its endeavours to stamp out 'poor practices'.
Regulators push for stronger stress-testing capability, resilience
The ability to remain resilient and manage liquidity pressures amid severe, multi-dimensional stress scenarios is an area of focus that APRA and ASIC want superannuation funds to improve.
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
The role of consistency in emerging markets
EMs are often characterised as volatile and unpredictable, and to some extent that is fair. However, a consistent approach can deliver attractive outcomes.
The biggest risk in real estate today is doing nothing
As we look at the market today, one thing is clear: volatility and geopolitical noise loom large. But the biggest risk we see for real estate is not the ...
Why operational due diligence is more than a governance checklist
Governance isn't proven by policies; it's proven by repeatable decisions, transparent oversight and clear follow-through.
Why defence stocks are no longer off the table for responsible investing
The world is changing, and responsible investing is adapting. Sectors once automatically excluded are no longer off the table for investment.
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.