KiwiSaver rides the waves

KiwiSaver funds continue to ride the wave of buoyant stock markets with all funds making positive returns to the quarter ending June 30. According to the latest Morningstar quarterly KiwiSaver Survey released this week, all multisector KiwiSaver funds made positive returns with average category returns ranging from 1.6% for the conservative category and up to […]

Kiwis concerned about retirement savings

More than 60% of New Zealanders are worried they will not have enough money to support themselves in their retirement, a new study shows. According to research undertaken by the Financial Services Council (FSC) – KiwiSaver at a Crossroads – almost three-quarters of those surveyed would also like KiwiSaver to be compulsory and support an […]

Most Kiwis support compulsory KiwiSaver

About 78% of New Zealanders support making KiwiSaver compulsory and 73% support an increase in contribution rates, according to a survey commissioned by the Financial Services Council. The council, whose members are KiwiSaver providers, said the survey of 2,000 people was conducted by CoreData. "As an additional indicator of support, over 75% of respondents thought […]

ASB KiwiSaver comes out poorly in survey

ASB KiwiSaver ranks last for customer satisfaction, Consumer NZ survey finds. Just 43% of ASB customers were happy with the service they were getting. Consumer NZ chief executive Jon Duffy said ASB’s score was significantly below the market average of 55%. “ASB also scored below average on all our key satisfaction measures. Just 37% of […]