Your online guide to KiwiSaver, the Government superannuation scheme
Some KiwiSaver providers are incorrectly indicating the risk category of their funds, new research shows. The research by Randall Clement, with Henk Berkman and Annie Zhang, recently won an FMA research prize. It is due to be published in the journal New Zealand Economic Papers. Sorted, FMA and Morningstar all rank funds according to their …
Continue reading “KiwiSaver funds misclassifying risk: Research”
Financial advice offered to whole households or communities would have more of a lasting impact, new research suggests. Annie Zhang, a corporate finance senior analyst at KPMG and Massey University PhD student, analysed a database of one bank and four KiwiSaver providers’ members to determine what drives investor behaviour. Less than 20% of the investors …
Continue reading “Clients’ families affect investing decisions”
Capacity constraints are a looming issue for the KiwiSaver market to contend with as it grows, research house Morningstar says. It has released its latest quarterly KiwiSaver survey, which showed healthy returns for investors across all providers and risk profiles. There was a direct correlation between allocation to growth assets and performance during the quarter. …
Continue reading “Small Kiwi market a problem for KiwiSaver”
ANZ is reporting a surge in the number of customers wanting to use KiwiSaver to help buy their first home following the April 1 introduction of new regulations for KiwiSaver first-home withdrawals. ANZ Wealth managing director John Body said ANZ’s customer contact centre received more inquiries about KiwiSaver first-home withdrawals in the first week of …
Continue reading “KiwiSaver for first homes gets boost: ANZ”