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KiwiSaver

IRD confirms KiwiSaver dates

Wednesday 12th of July 2006
The first forum will be held at locations in both Wellington and Auckland. The Wellington forum will be on 20 July and the Auckland forum will be on 21 July. The forums will run for two hours starting at 11am.

Both forums will introduce Inland Revenue’s role in KiwiSaver. They will be general in nature, laying the foundation for future forums. We will:

  • Provide you with an update on the status of KiwiSaver
  • Outline what we are currently working on in general terms.
  • Cover the key milestones that lie ahead for the KiwiSaver Programme
  • Outline the principles of the partnership we will be developing with your industries.
We will not be able to discuss legislation and policy regarding KiwiSaver as this is with the Finance and Expenditure Select Committee.

We will also not be able to discuss the MED RFP tender process. It is important that IR preserve its independence from this process.

Future forums are aimed at would be KiwiSaver scheme providers and will discuss other areas of KiwiSaver in more depth such as the B2B (Business to business) technical requirements. We will let you know the schedule for future forums shortly so that you can send us any relevant questions on key areas that you want us to talk about.

If your organisation is interested in attending, please register by email sending contact details of attendees and which forum you would like to attend to questions@ird.govt.nz by 5pm on July 17 (Please note: numbers will be limited to just two people per organisation). We will confirm your registration by return email.

This is an announcement from IRD, brought to you - as part of our public service! by SuperTalk.co.nz

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New customers locked out of ASB’s pre-approvals
As much as I disapprove of the ASB stance, I totally understand it, ESPECIALLY as the ComCom expect us to put an application to 4-5 banks, and not just the one we believe to suit the client the best. By demanding this, we would be tying the banks up with 4-5 times the applications necessary to secure a settlement. Banks would know that only 20-25% of applications are going to make it through to settlement. This shotgun approach is why banks are overloaded.
1 month ago Andy Phillipson
New customers locked out of ASB’s pre-approvals
This is pure BS from the major banks. In front of ComCom earlier in the year they denied any policy of channel inequality yet there clearly is from some (at board level) both in turnaround times and cashbacks for example. They need to staff up, sort their antiquated IT and give Advisers the respect they deserve. New Zealand borrowers are voting with their feet and using Advisers more and more. Are some banks starting their pushback? One as done it before so no surprise there.
2 months ago Jeff Royle
New customers locked out of ASB’s pre-approvals
As a financial adviser, business owner and ex-banker/home lender in NZ & Australia with almost 20 years experience I can tell you that this is very concerning for several reasons - first one being that as bank staff you still get paid regardless of whether you put the approval thru, lazy/incompetent/time poor bankers are often declining loans rather than taking the time to push a difficult deal thru as they get paid either way, as a financial adviser who doesn't get paid unless the deal settles we are more committed to securing an approval which is why more volume now comes thru the broker channels. This feels like it's the banks way of reducing costs by not having to pay brokerage to advisers when bank lenders doing nothing should be sitting on the broker overflow lines. This directly affects small businesses and is another example of banks playing God & redirecting profit margins back to their own coffers - there is no valid excuse for branch lenders doing nothing to not be sitting on these overflow lines. It makes a mockery of giving the choice back to the clients who are already typically having poor banking experiences when dealing direct with bank staff.l and in no way supports small businesses already doing it tough.
2 months ago Natasha Viliamu
New customers locked out of ASB’s pre-approvals
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2 months ago Craig Pope
New customers locked out of ASB’s pre-approvals
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2 months ago Valkyrie Vulcan
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