In 2007, Milford Asset Management entered its retail phase, originally built on a network of direct clients. It has steadily established a following among third-party advice businesses and recently have switched to multi-channel distribution. Despite having a multi-channel distribution strategy prior to joining, Milford head of intermediary distribution Michael Robson says his role four years […]
Category Archives: KiwiSaver News
KiwiSaver managers making “excessive profits”
Simplicity cuts KiwiSaver fees and complains other managers are charging too much. KiwiSaver manager Simplicity has made a 3.3% total fee cut across its conservative, balanced and growth KiwiSaver funds and diversified investment funds. The new total fund charge will be 0.30%, effective April 1. The fee cut is the fifth in five years. Simplicity […]
Call for simple KiwiSaver benchmarks to replace ‘Frankenstein constructs’
KiwiSaver benchmarks, while fulfilling a government mandate, don’t serve much purpose, a new study says. While the first part of Russell Investment NZ’s research, released last year, focused on institutional benchmarking practices, the second considers KiwiSaver. It concludes that most benchmarks are composed of a hodgepodge of unrecognisable underlying fund benchmarks providing little relevant information […]
Big KiwiSaver providers go for digital tools for advice
Big KiwiSaver managers continue to ramp up use of digital tools to steer jittery investors and beleaguered KiwiSaver members onto the right investment path. New Zealand’s second largest KiwiSaver provider ASB is launching a new KiwiSaver advice tool on its mobile app and online banking platforms and Kiwi Wealth has incorporated the Atomic.io messaging system […]