ANZ Investments has received a silver rating for all of the multi-asset class funds in its three KiwiSaver schemes, from research house Morningstar. “ANZ Investments’ KiwiSaver schemes continue to set the standard for multi-sector investing in New Zealand…we believe they are among the best KiwiSaver options in New Zealand,” Morningstar says. ANZ Wealth managing director, …
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Funds fees drop
KiwiSaver fees for the next round of default providers will be significantly lower than those charged at by the schemes at present, particularly for savers with smaller balances. The new nine default providers, assigned a seven-year term starting on July 1, are required to keep fees “reasonableâ€. Sources said the restrictions on default schemes’ fees …
Fees still too high: Morningstar
KiwiSaver funds’ fees stand in the way of them being given a gold rating in Morningstar’s research, its Australasia co-head of fund research says. Morningstar has just finished its latest round of research, covering nine KiwiSaver providers managing the bulk of the country’s KiwiSaver funds. Chris Douglas said overall, New Zealanders should be optimistic about …
Kiwis getting savvier about retirement savings
New Zealanders are becoming much more engaged with KiwiSaver as their balances creep up, says ANZ’s head of wealth, John Body. The bank today released its latest Retirement Savings Confidence Barometer, which showed that people were a lot less confident about reaching their savings targets when they were adjusted for inflation. The bank has changed …
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