Your online guide to KiwiSaver, the Government superannuation scheme
Taking a passive approach to investment paid off for those in Simplicity's growth and blanced KiwiSaver funds in the June quarter and for those in its newer default fund created after it was chosen two years ago to be one of the six default managers. But active manager Milford Asset Management continues to produce superior …
Continue reading “Passive approach pays off for Simplicity’s KiwiSaver investors”
KiwiSaver fees are “highly competitive” with the fees charged by much larger Australian and British peers, according to analysis by Deloitte Consulting Australia commissioned by Generate KiwiSaver. It also found that the fees charged on default KiwiSaver funds are on average lower than the fees charged to members of similar default fees in Australia and …
Continue reading “KiwiSaver highly competitive with much larger Aussie and British peers”
The majority of the Finance and Expenditure Committee doesn’t think a bill to make it harder for employers to include KiwiSaver contributions in employees' pay should be passed. The Employment Relations (Protection of KiwiSaver Members) Amendment Bill introduced by Labour bank bencher Dr Tracey McLellan last year, aims to restore some financial protections originally given …
Continue reading “Select committee against bill to limit use of KiwiSaver as part of pay package”
The Retirement Commissioner has made her recommendations for improving KiwiSaver and wants help from members of the financial services industry to get politicians to actually read it. She also wants the financial advice sector to get some cohesive messaging about products and services for retirement planning. Speaking on a Harbour Asset Management webinar about the …
Continue reading “KiwiSaver reform next steps – bail up a politician”