Financial Services Council - Latest News [Page 3]

KiwiSaver highly effective for middle New Zealand

Thursday, 27 August 2015, 8:52 am | Financial Services Council

KiwiSaver is likely to give middle and lower income New Zealanders a higher standard of living in retirement according to an independent report commissioned by the Financial Services Council (FSC). More >>

More than $1 billion paid each year for personal insurance

Tuesday, 18 August 2015, 5:16 pm | Financial Services Council

New Zealanders have received more than $1 billion a year in personal insurance claims for each of the last five years according to figures released today by the Financial Services Council (FSC). FSC CEO Peter Neilson said the $1.133 billion a year payout ... More >>

FSC commissions report on personal insurance sales incentive

Friday, 24 July 2015, 10:58 am | Financial Services Council

The Financial Services Council (FSC) has commissioned consulting actuaries Melville Jessup Weaver (MJW) to investigate sales incentives in the personal insurance industry (life and income protection insurance) and to suggest remedies for any misalignment ... More >>

Two Weeks Left to Get a 50% Return on Your Kiwisaver Top Up

Monday, 15 June 2015, 4:55 pm | Financial Services Council

Interest rates may be coming down but to get a 50% return on their contributions, KiwiSaver members may need to top up their accounts over the next two weeks says the Financial Services Council CEO Peter Neilson. Last year KiwiSaver members failed ... More >>

No Link Between the Appointment of a New FSC Chair

Thursday, 4 June 2015, 3:43 pm | Financial Services Council

Dame Jenny Shipley joined the former Insurance, Savings and Investment (ISI) Board as its first independent Director many years ago. When the Financial Services Council (FSC) was formed in 2012 Dame Jenny Shipley was appointed as the first Independent ... More >>

Rob Flannagan new chair of the Financial Services Council

Thursday, 4 June 2015, 10:32 am | Financial Services Council

Mr Rob Flannagan, a former Managing Director of both Tower and the Guardian Trust, has been appointed chair of the Finance Services Council (FSC). More >>

Axing Kiwisaver Kick Start Payment a Terrible Signal

Thursday, 21 May 2015, 3:46 pm | Financial Services Council

This is a terrible signal for younger New Zealanders starting out saving for the first home and a comfortable retirement using Kiwisaver against the background of an aging population. More >>

NZers draw on record $1.13 billion in insurance payouts

Wednesday, 13 May 2015, 12:28 pm | Financial Services Council

New Zealanders are being paid more than $1.13 billion a year in personal insurance claims, a new record. More >>

More Kiwis have income protection insurance

Wednesday, 4 March 2015, 12:21 pm | Financial Services Council

More Kiwis have income protection insurance to maintain their incomes when long term illness prevents employment More >>

Fair Tax for Savers Campaign

Thursday, 21 August 2014, 10:17 am | Financial Services Council

Michael Littlewood has suggested that the Fair Tax for Savers Campaign proposals are unfair for everyone except the savings industry ( Click here to view - Michael Littlewood: Fair tax for savers? Unfair for everyone else ). This is based on several ... More >>

Personal Insurance Claims Maintain Support for Kiwis

Tuesday, 5 August 2014, 10:52 am | Financial Services Council

The amount paid out in claims by the personal insurance industry (life and income protection insurance) in the year ending June 2014 was $1,096,617,000 maintaining the support the industry provides to New Zealanders. More >>

Financial Services Council – Fairer Taxes on Savings

Monday, 4 August 2014, 10:55 am | Financial Services Council

The Financial Services Council (FSC) is supporting a campaign for fairer taxation of savings. Current tax laws overtax retired New Zealanders living off interest income and New Zealanders saving for retirement. More >>

Fair tax for savers proposals would broadly pay for itself

Monday, 4 August 2014, 10:46 am | Financial Services Council

Expert advice received to date on a package of Fair Tax for Savers Campaign proposals could increase Government tax revenue overall – and deliver a $400 million income boost to savers. More >>

Low-cost guarantees will protect KiwiSavers from downturns

Monday, 21 July 2014, 2:08 pm | Financial Services Council

New research undertaken by Infometrics for the Financial Services Council (FSC) has shown capital guarantees on KiwiSaver balances are a much better deal for KiwiSavers than defaulting them into conservative funds as is the current policy. More >>

FSC Welcomes 7th Birthday for KiwiSaver

Tuesday, 1 July 2014, 8:57 am | Financial Services Council

FSC Welcomes 7th Birthday for KiwiSaver and Points to What More Needs to Be Done More >>

FSC Welcomes Labour’s Plan for Comfortable Retirement

Tuesday, 17 June 2014, 1:36 pm | Financial Services Council

The Financial Services Council (“FSC”) welcomes Labour’s Plan to help more New Zealand employees achieve a comfortable retirement by stepping up KiwiSaver contributions up to 9% over time. More >>

NZers with a Mortgage Even Keener on Compulsory KiwiSaver

Monday, 19 May 2014, 4:51 pm | Financial Services Council

New Zealanders with a mortgage have even more enthusiasm for compulsory KiwiSaver than Kiwis generally, says Financial Services Council (FSC), CEO, Peter Neilson. More >>

Disappointment at No Tax Relief for KiwiSavers

Thursday, 15 May 2014, 5:03 pm | Financial Services Council

The Financial Services Council is disappointed that after the 2014 Budget, the Government will keep in place the world’s most punitive tax regime for superannuation savings, said the FSC CEO, Peter Neilson. More >>

NZers being set on road to lower income retirements

Thursday, 8 May 2014, 1:50 pm | Financial Services Council

Most middle income New Zealand employees are being sent down a road to a financially uncomfortable retirement, says the Financial Services Council (FSC). More >>

41% say “force me to save”

Wednesday, 30 April 2014, 1:23 pm | Financial Services Council

The public resoundingly disagree with one university expert’s opinion that New Zealand does not have a savings problem and don’t need compulsory KiwiSaver. More >>

   

 

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