Your online guide to KiwiSaver, the Government superannuation scheme
There should be more KiwiSaver investment in private equity as long as it’s done with the right capability and skill, says Pathfinder CEO John Berry. “There’s a reason high net worth investors in large, long-term sophisticated endowment funds invest in private assets. Over the long term they pay higher returns than listed markets if managed …
Continue reading “Lack of PE investment in KiwiSaver means members miss out”
Passive investment and index funds are partly to blame for more KiwiSaver money being funnelled into businesses that harm the environment, animals or people, says Mindful Money CEO Barry Coates. Of the $98 billion in KiwiSaver, $8.6 billion (8.9%) is invested in unethical stocks, according to new analysis from Mindful Money. This has risen from …
Continue reading “More KiwiSaver enters sin stocks through passive investing”
Just 16% of Kiwi employers contribute more than the mandated minimum of 3% to employees’ KiwiSaver, according to National Capital’s KiwiSaver Value for Money report for the June quarter. This compares to Australia where the employer contribution is guaranteed at 11%. Meanwhile, on the employee side, the average contribution rate for the 12 months from …
National MP Andrew Bayly does not think allowing New Zealanders to split their KiwiSaver savings over multiple providers would be too tricky to administer. Instead it would provide consumer choice and provide a source of funding for infrastructure development among other things, he says, of the new policy, which would allow KiwiSaver members to split …
Continue reading “National’s KiwiSaver splitting: innovation or complication?”