Fidelity Life and nib have confirmed joint quoting and application capabilities will continue from July 1. Nib products will continue to be supported in Fidelity Life’s Apollo and eApp services, while the Fidelity Life-nib paper multi-app will also be maintained. In addition, nib forms and collateral will still be available from Fidelity Life’s Adviser Centre. […]

Inland Revenue is moving to help make sure investors, including KiwiSavers, get on the correct prescribed investor tax rate (PIR). Updated estimates show around 550, 000 people have underpaid tax on their investments (including KiwiSaver) with an average of $80 to $90 owing per person for the 2019 tax year, says Inland Revenue deputy commissioner, […]

Few KiwiSaver providers are offering online advice, research firm SuperRatings has found. Last year, 83% of schemes provided formal education material. But SuperRatings' research showed, when class advice was delivered by KiwiSaver providers to clients, it was usually in person. SuperRatings said the Australian experience had shown using a range of channels, including videos and […]

Investors need a better way of understanding how risky a KiwiSaver fund really is, one adviser says. Jon-Paul Hale, of Willowgrove Consulting, said the FMA's KiwiSaver Tracker was potentially confusing for users because the way funds are assessed meant that balanced options could sometimes be placed in the same basket as growth or conservative funds. […]