KiwiSaver membership continues to grow with 867,388 members at 29 November 2008, up from 837,908 at 31 October 2008. This still represents only 23% of elegible people under 65 years of age and Thorners continue with their belief that only those that do not understand KiwiSaver are the non members.
There are also only 15,942 employers who have partnered with a preferred KiwiSaver provider. Employers seem to be wary of doing this but the benefits of having a financial services provider available to answer staff queries can remove the stress of being unable to provide the financial advice staff are looking for. Benefits of preferred agreements can also include reduced monthly fees on KiwiSaver accounts and free life cover for members.
Talk to us soon to see if KiwiSaver is correct for you, your children, your grandchildren and if in business, to see how a preferred agreement can work for you and your staff.