The SME Stream

KiwiSaver might be about to get a makeover. 

The parties are pitching very different ideas for what should happen to your retirement savings... from changing contribution rates to tweaking who gets government support. 

But what would these proposals actually mean for your KiwiSaver balance and who stands to gain or lose? 

Today on The Front Page, Financial Services Council CEO Kirk Hope is with us to unpack the parties’ promises and what they could mean for your retirement.

Follow The Front Page on iHeartRadio, Apple Podcasts, Spotify or wherever you get your podcasts.

You can read more about this and other stories in the New Zealand Herald, online at nzherald.co.nz, or tune in to news bulletins across the NZME network.

Host: Chelsea Daniels
Editor/Producer: Richard Martin
Producer: Jane Yee

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Petrol prices have hit their highest level since the start of the Iran-US war.

Fuel monitoring site Gaspy today shows the average price of 91 unleaded is three dollars 50 point six.

The latest increase follows a sustained period over where the price of global oil price benchmark Brent Crude has sat above US 100 dollars a barrel.

Finance Minister Nicola Willis told Heather du Plessis-Allan she hasn't had advice on how high the price may go.

She says she's been told the release of additional oil from the International Energy Agency will stop prices spiralling from here.

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The big thing we do need on Kiwisaver is certainty.' Herald Business commentator Fran O'Sullivan.

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Consumer confidence dawldes down 0.4 points in September ANZ-Roy Morgan survey, but a net 20% see a better 2027 for themselves.

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Forsyth Barr's Aaron Ibbotson says the New Zealand market is not seeing the same benefits of AI that the global makrets are.

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How many smaller businesses pay US-dollar prices for software subscriptions, or watch trade-weighted pricing steadily eat into already-thin margins?

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National slams Labour's fiscal plan outline

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G7 oil and diesel release announcement see oil prices down. Shane Solly Harbour Asset Management.

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Wars in the Middle East and Europe are continuing to push up prices at the pump in New Zealand. 

Latest data from fuel monitoring platform Gaspy shows the average fuel price for 91 unleaded has surpassed $3.50. 

The global oil benchmark Brent Crude has been sitting above US$100 a barrel for some time. 

Macquarie University Energy Expert Lurion De Mello told Mike Hosking fuel prices aren't just being affected by what's happening in the Strait of Hormuz, but also by how much supply is coming out of Russia. 

He says there's some guarantee of supply coming out through the Strait of Hormuz, but Singapore still relies on supplies from Russia, and therefore, so does New Zealand. 

De Mello told Hosking the cost of getting the oil to the refinery is actually a lot higher than the benchmark. 

He says it would actually cost closer to US$200 to $250 when factoring in shipping and insurance costs, which have risen sharply. 

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