Your online guide to KiwiSaver, the Government superannuation scheme
Three-quarters of all KiwiSaver members have no idea how much money they will have in their accounts when they reach retirement, a new survey shows. The survey of 781 members, commissioned by Kiwi Wealth, shows 77% of people do not know what their account will be worth when they hit 65. But more than half …
Continue reading “KiwiSaver treated like a bank account, not investment”
Pie Funds is shelving plans to launch a KiwiSaver scheme, for now. It had been reported that the fund manager was working on a KiwiSaver scheme to launch this year. The Australasian small-cap specialist manager had said it wanted to get enough funds under management before launching the product. But head of client services Sam …
Ethical investing is a growing trend and one KiwiSaver Scheme believes its Responsible Investment Association Australasia (RIAA) certified socially responsible investment (SRI) funds will drive business. Grosvenor’s two SRI KiwiSaver funds became the first to gain certification under the RIAA’s recently revamped certification standards last week. SRI funds, which don’t invest in companies that trade …
New Zealand fund managers and advisers are switching on to responsible investing, it has been claimed. Grosvenor’s two SRI KiwiSaver funds became the first to gain certification under the Responsible Investing Association Australasia (RIAA)’s recently revamped certification standards last week. Adviser Peter Lee also signed up with the organization. New Zealand representative Matthew Mimms the …