KiwiSaver provider Generate is encouraging advisers to refer clients who are worried about its recent hack back to its website. It revealed last week that there had been illegitimate access to its systems. Data about 26, 000 members, including their ID documents and passwords, was accessed. “We know that advisers are fielding questions from clients […]

Lifestages funds are a better option for savers than default KiwiSaver funds, but they’re not all created equal, new research from MyFiduciary suggests. The research was commissioned by NZ Funds and reviewed the lifestages options available in New Zealand. Nine out of 22 KiwiSaver managers offer a lifestages option. These reduce the level of risk […]

KiwiSaver providers can expect pressure to show what value they're giving members, after an analysis prepared for the Financial Markets Authority showed they charge higher fees than comparable British funds. The report, produced by actuaries MJW, was included with this year's KiwiSaver report. It showed that New Zealand fees were higher than those of the […]

KiwiSaver providers are raising questions about a series of prescribed assumptions they will have to use to show clients' KiwiSaver balance projections – including that defensive funds will lose money in real terms each year. The Financial Markets Conduct Amendment Regulations 2019 require annual statements sent to KiwiSaver members from next year to include a […]