Your online guide to KiwiSaver, the Government superannuation scheme
Fisher Funds and Mike Pero Mortgages have announced an agreement for Mike Pero to distribute Fisher Funds KiwiSaver scheme. “This partnership brings together two strong Kiwi brands, leveraging the strengths of each,” said Fisher Funds managing director Carmel Fisher. “Mike Pero has a powerful distribution network throughout the country with superb client relationships and a …
Continue reading “Fisher Funds strikes KiwiSaver deal with Mike Pero”
Government confirmation that changes will be made to the KiwiSaver scheme in the May 19 Budget have prompted fears more uncertainty will undermine savings efforts. The Government is believed to be considering cuts to the $20 a week Government subsidy which costs the taxpayer $662 million a year. Prime Minister John Key and Finance Minister …
Strongly performing shares helped offset natural disasters and economic uncertainty enabling KiwiSaver funds to post strong returns for the March quarter, according to the Morningstar KiwiSaver Performance Survey. “The strong returns from sharemarkets resulted in KiwiSaver funds with higher exposures to growth assets (shares and property) outperforming those with more invested in income assets (cash …
Continue reading “Share performance boosts KiwiSaver returns over March quarter”
KiwiSaver’s ability to raise overall savings and deepen capital markets is being hampered by “unfocused Government subsidies,” according to the OECD Economic Survey of New Zealand. In a wide ranging report on New Zealand, the OECD highlighted a number of reforms to KiwiSaver including changes to subsidies and the enrolment system as ways to boost …