Women are erring on the side of caution when investing in KiwiSaver while men appear to be more comfortable with higher levels of risk, according to Fiona Oliver, Chief Operating Officer of BT Funds Management, the developer and manager of the Westpac KiwiSaver Scheme. Press Release Oliver’s comments are based on membership data from the …
Category Archives: KiwiSaver News
Business owners report low KiwiSaver uptake
Two thirds of owners of mid-sized New Zealand businesses surveyed for the Grant Thornton International Business Report say that fewer than 10% of their employees have signed up for KiwiSaver.In nearly 20% of cases, no staff at all have signed up. And only 6.7% have more than half of their staff on the KiwiSaver scheme. …
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Stay focused on the long term
KiwiSaver is all about the long-term prospects. That’s the message being shouted from the rooftops in the face of recent short-term uncertainty.AMP Capital Investors’ Head of Investment Strategy, Dr Leo Krippner, believes rationality is key. “Over the 2007 December quarter, risk was realised rather than rewarded”, said Krippner. “Growth assets generally had a poor performance, …
KiwiSaver breaks through 400,000 barrier
The number of New Zealanders joining KiwiSaver continues to beat initial expectations, finance minister Michael Cullen said today.At the end of January, 414,144 Kiwis had joined up, compared with the Treasury’s initial projection of 276,000 by July 2008. Cullen believes the surge in New Zealanders saying yes to personal saving, despite unstable international markets, is …