In what’s believed to be an industry first, the NZ Society of Actuaries has produced a report that analyses account-level data for a large segment of the KiwiSaver market. Until now, nothing been published about the actual balances of KiwiSaver’s 3.09 million members, with most statistics focusing on averages. For example, the FMA’s annual KiwiSaver […]
Category Archives: KiwiSaver News
Financial Services Council defends KiwiSaver after criticism
The finance industry says it is improving the KiwiSaver system but it is a work in progress. A report by Consumer NZ found New Zealanders preferred non-bank providers such as Simplicity and Milford ahead of the schemes offered by most New Zealand banks. The report suggested people’s attitudes were soured by a market-led subsidence of […]
Voluntary savings continue in KiwiSaver – ASB
A significant minority of people are making voluntary contributions to their KiwiSaver schemes to take advantage of volatile market conditions, according to research by ASB. While most people do not pay extra, a total of 29% are paying more than they have to, said ASB senior economist Chris Tennent-Brown. The news of people paying extra […]
[GRTV] Rob Everett on value for money; the great KiwiSaver land grab and fees
What's value for money with KiwiSaver? Former Financial Markets Authority chief executive Rob Everett provides answers in this Good Returns TV interview. [Including Podcast] Rob Everett admits working out what is value for money “is a difficult topic.” “What we were trying to do with value for money is acknowledge that it's not all about […]