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 […]
Category Archives: KiwiSaver News
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 […]
KiwiSaver is the future of financial advice: Bascand
More than a million people will be seeking advice on their KiwiSaver, Harbour Asset Management co-chief executive Andrew Bascand says. More than a million people will be seeking advice on their KiwiSaver, Harbour Asset Management co-chief executive Andrew Bascand says. Speaking at the recent launch of the Evidential KiwiSaver scheme, Bascand laid out his forecast […]
KiwiSaver contribution rates to increase; Cuts to Govt contribution
The Government is increasing contribution rates to KiwiSaver, but at the same time reducing, and in some cases, removing the member tax credit. Key Points: Eligibility Extended to 16- and 17-year-olds: KiwiSaver Government contributions and employer matching will now be extended to 16- and 17-year-olds. Default Contribution Rate Increases from 3% to 4% by April […]