20 Jun 2026
4 months ago
833 views
Nearly 99.5% of KiwiSaver contributors have accepted the increased default contribution rate from 3% to 3.5%, enhancing their retirement savings and financial security. This change affects about 1.8 million employees, with contributions rising from 6% to 7% of wages when including employer matches, and will increase further in 2028. The higher contributions are projected to significantly boost retirement funds, helping young New Zealanders both in retirement and in purchasing their first homes.
12 Jun 2026
4 months ago
1086 views
The Point Mission Bay retirement village in Auckland has received Fast-track approval to develop five interconnected buildings with 256 independent living units and 94 care suites, aiming to expand housing and care options for the growing over-65 population. This project, supported by Ngāti Whātua Ōrākei Whai Rawa Limited and Generus Living Group, is expected to create around 210 full-time jobs and contribute $3.8 million annually to the economy. It is the 24th project approved under New Zealand’s Fast-track process, which expedites infrastructure and housing developments to meet increasing demand and support economic growth.
14 Apr 2026
6 months ago
1037 views
David Boyle has been appointed as New Zealand's Retirement Commissioner for a three-year term starting May 18, announced by Commerce and Consumer Affairs Minister Cameron Brewer. Boyle brings extensive experience in retirement savings, having played a key role in establishing KiwiSaver and previously worked on financial wellbeing initiatives and education programs at the Retirement Commission. Brewer also thanked outgoing commissioner Jane Wrightson for her six years of leadership in improving financial capability and retirement outcomes.
04 Dec 2025
10 months ago
1079 views
The New Zealand Government is introducing reforms to the Retirement Villages Act to enhance clarity, fairness, and transparency for residents and their families, addressing issues such as repayment delays and legal complexities. Key changes include clearer legal documents, upfront operator disclosures, an independent disputes scheme, and improved financial protections like timely fund repayments and cessation of fees upon vacancy. These balanced reforms, shaped by extensive public feedback, aim to strengthen residents' rights while supporting the sector’s growth and will be introduced to Parliament mid-next year.