NZX investment subsidiary Smartshares is launching a Kiwisaver scheme. Called SmartKiwi, the company believes that KiwiSaver will deliver strong benefits to New Zealand’s capital markets, and the economy at large. The SmartKiwi offering will have three investment options to choose from, a high growth option consisting of equities only, split between NZX and ASX stocks; […]
Westpac is launching a ‘capital protected’ option for its KiwiSaver to address the security concerns of potential investors. The launch comes just as criticisms from industry agent provocateur (and KiwiSaver provider) Gareth Morgan that KiwiSaver is not government guaranteed have been widely reported, although Westpac has been planning the product well before those criticisms were […]
The funds management and financial planning subsidiary of the Southland Building Society (SBS), Funds Administration New Zealand Limited (FANZ), has received Inland Revenue approval to become a KiwiSaver provider.
Less than two months before the introduction of KiwiSaver, more than half of adult New Zealanders report they are not saving for their retirement, and more than three quarters admit they know very little detail about the new savings scheme.Less than two months before the introduction of KiwiSaver, more than half of adult New Zealanders […]