Your online guide to KiwiSaver, the Government superannuation scheme
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 …
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KiwiSaver growth funds have had another tough quarter, but the long-term struggles of growth funds seem to have had little impact on investors’ overall returns so far. Morningstar’s latest KiwiSaver survey found that the mixed returns from sharemarkets resulted in funds with higher exposures to income assets (cash and fixed interest) outperforming those with more …
Most New Zealanders support making KiwiSaver compulsory and believe it would be in New Zealand’s best interest, according to new research by the Financial Services Council. A Horizon Research poll of 3,177 adult New Zealanders commissioned by the FSC found that 74% think New Zealand should, over time, introduce a retirement savings scheme in which …
Advisers are ideally positioned to help tackle the looming retirement savings shortfall but are failing to convince KiwiSavers of the value of advice, says Mercer NZ head Martin Lewington. “I don’t think financial advisers are getting out there and having a persuasive message to KiwiSavers,†he said. “Some media [reports] over the weekend said they’re …
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