A savings expert has called for a radical overhaul of the KiwiSaver default system, which would see the current default providers lose their “privileged” position in the market. In the Retirement Policy Research Centre’s latest PensionCommentary, co-director Michael Littlewood has questioned the need to renew the agreements with the six default KiwiSaver providers in 2014, […]
Category Archives: KiwiSaver Articles
Aon selling KiwiSaver through RFAs
Aon has developed a unique way of promoting its KiwiSaver scheme, giving Registered Financial Advisers a disclaimer that allows them to inform clients about the scheme without advising on it. Good Returns has obtained a copy of the disclaimer, which asks clients to acknowledge that the RFA they spoke to only provided them with “a […]
We didn’t pay $50 per KiwiSaver member: Fisher
Fisher Funds chief executive Carmel Fisher says her firm did not pay $50 for every Credit Union member who joined her scheme. The New Zealand Association of Credit Unions (NZACU) agreed to sell its KiwiSaver scheme to Fisher Funds largely because of new KiwiSaver regulations set to take effect this year. Mercer was acting […]
KiwiSavers shun financial advice
KiwiSaver investors are more likely to use family and friends than financial advisers as their main source of advice, a new study has found. The research, written by Dr Claire Matthews of Massey University, also found male KiwiSaver members appear to be more tolerant of risk than female investors in the scheme. The results are […]