New expenditure guidelines show how much New Zealanders need in their KiwiSaver to retire comfortably. Kiwis who want the odd luxury in retirement need between $273,000 and $1.033 million on top of superannuation, according to the latest Retirement Expenditure Guidelines. For a more modest 'no frills' retirement, they would need between $118,000 and $181,000. Financial […]
Category Archives: KiwiSaver News
Consilium reports increased demand for KiwiWRAP
Consilium says it has seen a surge in advisers using its KiwiWRAP KiwiSaver scheme along with an increasing interest in personalised KiwiSaver advice from high-balance investors. The KiwiWRAP scheme, available to advisers only, now has more than $200 million in funds under management. "KiwiWRAP continues to attract investors with higher balances who are seeking tailored advice […]
Lots of $2 billion milestones
Three companies have celebrated $2 billion milestones recently. Tauranga-based First Mortgage Trust recently cracked the $2 billion funds under management. FMT’s strongest growth has come from existing investors and borrowers sharing their positive experiences. “Most of our new investors come to us through word of mouth, from a friend, a family member, or someone they […]
Investors make dramatic shift to riskier KiwiSaver funds: FMA
The Financial Markets Authority says there has been a."dramatic" shift of KiwiSaver funds to riskier assets and one fund manager says that's a good thing. In an Occasional Paper Series the regulator has observed a dramatic increase in the overall risk categorisation of KiwiSaver funds in recent years. "The proportion of KiwiSaver invested in risk […]