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Financial Services Council - Latest News [Page 8]
Savers Pay High Price for Procrastination
Monday, 30 September 2013, 3:21 pm | Financial Services Council
New Zealanders who put off saving for their retirement year after year will pay a high price for their procrastination and will struggle to plug the gap if they depend on NZ Super alone for their income, Financial Services Council analysis shows. More >>
How to Super-Size Retirement Incomes
Wednesday, 4 September 2013, 3:24 pm | Financial Services Council
The Financial Services Council aims to spark a national debate on super-sizing savings to double retirement pensions and is hosting a one day conference on October 14 in Auckland to discuss how to make Super and KiwiSaver fairer, more affordable, accessible ... More >>
We’re Getting Older and our Super Costs are Spiralling
Friday, 12 July 2013, 9:48 am | Financial Services Council
Politicians need to act now to agree policies that provide liveable incomes for the imminent boom in retirees who will live longer and cost the economy more and more in pensions and health care, says the Financial Services Council. More >>
Treasury Long Term Fiscal Projections A Wake Up Call
Thursday, 11 July 2013, 4:56 pm | Financial Services Council
The Financial Services Council (FSC) welcomes the release of the Treasury’s Long Term Fiscal Projections. The Treasury projects that expenditure on NZ Super could rise to 7.9% from around 4% today. We expect that the cost of NZ Super will be about ... More >>
Financial Services Council Sorry to See Sean Hughes Go
Thursday, 11 July 2013, 2:51 pm | Financial Services Council
The Financial Services Council expressed its appreciation of the Financial Markets Authority Chief Executive, Sean Hughes, who has announced that he won’t seek a second term in charge of the market watchdog. More >>
KiwiSaver the bedrock for Kiwis to have the good life
Tuesday, 2 July 2013, 10:53 am | Financial Services Council
The Financial Services Council (FSC), lobbying for an affordable, fair and attractive retirement income policy, says KiwiSaver is the key to a comfortable life after 65. More >>
New Zealand needs to address retirement income issue
Tuesday, 4 June 2013, 9:13 am | Financial Services Council
New Zealand needs a new cross-party accord to bring about the necessary policy and savings changes that can provide a comfortable retirement for all, says the Financial Services Council (FSC) More >>
New Zealand needs Treasury scenarios to be realistic
Wednesday, 3 April 2013, 8:52 am | Financial Services Council
New Zealand needs Treasury scenarios to be realistic so it can get the future cost of funding of NZ Super right More >>
KiwiSaver contribution increase won’t be enough
Tuesday, 2 April 2013, 8:36 am | Financial Services Council
A majority of New Zealanders (58 per cent) support the Government’s move this Monday to increase the minimum KiwiSaver contribution rate by 1 per cent, says Financial Services Council Chief Executive Peter Neilson.* More >>
The Retirement Income Policy Review – why it matters
Wednesday, 27 March 2013, 4:22 pm | Financial Services Council
We have the chance right now to make a real difference to the quality of life our newest employees will enjoy when they retire. The Retirement Commissioner’s review of retirement income policy happens only once every three years and is currently ... More >>
The Retirement Income Policy Review – why it matters
Wednesday, 27 March 2013, 1:59 pm | Financial Services Council
We have the chance right now to make a real difference to the quality of life our newest employees will enjoy when they retire. The Retirement Commissioner’s review of retirement income policy happens only once every three years and is currently ... More >>
Only 9 per cent believe NZ superannuation sufficient
Monday, 25 March 2013, 10:38 am | Financial Services Council
Only 9 per cent of New Zealanders believe that NZ Superannuation alone will give them an adequate income in retirement according to Horizon Research survey results* released today by the Financial Services Council. More >>
Life Industry Claims Paid And Premium Income Both Growing
Monday, 11 March 2013, 3:55 pm | Financial Services Council
The people insurance business is recovering strongly from the recession but a huge income protection coverage gap remains. Annual premium income is expected to reach $2 billion in the next quarter on current trends. More >>
Huge Vulunerability to Sickness Remains
Monday, 11 March 2013, 12:16 pm | Financial Services Council
Life Industry Claims Paid And Premium Income Both Growing But Huge Vulunerability to Sickness Remains The people insurance business is recovering strongly from the recession but a huge income protection coverage gap remains. Annual premium income ... More >>
Case studies: difference income protection insurance makes
Monday, 18 February 2013, 3:20 pm | Financial Services Council
Only about 15% of New Zealand adults have income protection insurance. Only 20% of households would be able to cope with paying their household expenses and maintaining their lifestyle for more than 12 months if a serious illness stopped he primary income ... More >>
Serious illness:most can’t pay rent/mortgage within 3 months
Monday, 18 February 2013, 3:15 pm | Financial Services Council
In New Zealand serious illness is 2.6 more times more likely to strike than a serious accident putting an earner off work for six months or more. The accident victim will get 80% of income from Accident Compensation. More >>
Victims of serious illness plunge into financial trouble
Monday, 18 February 2013, 3:11 pm | Financial Services Council
New research has revealed what is being called the Financial Vulnerability Gap into which thousands of New Zealand households are falling each year when the main income earner falls seriously ill for more than six months. More >>
Taxpayer Top up Guarantee Would Help Ensure Gender Fairness
Monday, 11 February 2013, 3:28 pm | Financial Services Council
The proposed FSC KiwiSaver Plus scheme would see almost all women participants receiving a much higher pension in retirement than the NZ Super currently pays, says Financial Services Council chief executive Peter Neilson. More >>
Poll Shows NZers Strongly Support Universal Kiwisaver
Tuesday, 15 January 2013, 10:12 am | Financial Services Council
New Zealanders today regret the decision to abolish compulsory superannuation in 1976, and a solid majority of New Zealanders now favour the reintroduction of a universal KiwiSaver scheme. More >>
Infometrics On Potential Impacts of Kiwisaver - Key Points
Thursday, 3 January 2013, 12:41 pm | Financial Services Council
Key Points from a report from Infometrics titled The Potential Impact of KiwiSaver on the New Zealand Capital Market, which was commissioned by the Financial Services Council (FSC) are: More >>
