The continued rise of KiwiSaver has failed to prevent an unexpected drop in retirement savings confidence, but commentators say it is too early to tell whether the result is a temporary blip. ANZ’s latest Retirement Savings Confidence Barometer found 56% of New Zealanders who are saving toward their retirement are not confident they will reach […]
Monthly Archives: August 2012
Kiwibank KiwiSaver to operate under GMI brand
Kiwibank has confirmed its KiwiSaver scheme will be replaced by one managed by Gareth Morgan Investments (GMI), but it hasn’t decided whether the scheme will be rated by Morningstar. GMI, which Kiwibank bought earlier this year for an undisclosed amount, is one of the few major KiwiSaver schemes that do not take part in the […]