Your online guide to KiwiSaver, the Government superannuation scheme
KiwiSaver members will be offered the chance to invest in hedge funds by a new player in the market, Generate KiwiSaver. It registered its prospectus on Friday. Generate KiwiSaver is run by Generate Investment Management, headed up by former Huljich Wealth Management investment manager Henry Tongue. Directors include Warren Couillault, formerly of Fisher Funds. The …
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AMP has announced plans to transfer its AXA KiwiSaver customers to the AMP KiwiSaver Scheme as it moves toward having a single scheme. Under the terms of the proposed transfer, which has to be approved by the Financial Markets Authority, all existing AXA KiwiSaver Scheme customers will be transferred to an “enhanced†AMP KiwiSaver Scheme. …
There is still work to be done to help people feel confident about setting a plan for their KiwiSaver accounts to achieve their retirement goals, ANZ says. Retirement savings confidence has dropped among young people but remained flat overall at 47%, according to ANZ’s latest Retirement Savings Confidence Barometer. Among those who are saving, more …
Swapping KiwiSaver default funds for “life stages” settings wouldn’t be in the best interests of investors or the scheme, oppponents say. Submissions to the government’s review of the default provider system have been mixed on the idea of adjusting default fund members’ asset allocation according to their age. Supporters include default providers OnePath and Mercer, which said …
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