Your online guide to KiwiSaver, the Government superannuation scheme
Juno KiwiSaver funds are increasing fees for some clients, not going to pursue default provider status. Following an internal review, KiwiSaver provider Juno has announced that it will be increasing fees for some members. The review focused on key areas for cost for the business arising from their active investment approach, current member base, as …
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NZ Funds chief executive Michael Lang outlines three ways the financial services industry could further grow KiwiSaver. “Kiwis are clueless, careless and deluded about money and retirement savings.” This is how our media interpreted the Commission for Financial Capability’s recent financial survey. For many New Zealanders who work in the financial advice industry, such articles …
Continue reading “KiwiSaver: The opportunity set of a lifetime”
NZ Funds chief executive Michael Lang says it is time sharebrokers faced a uniform fees disclosure regime like managed funds. In New Zealand, on the front page of the Financial Market Authority’s (FMA) website, you will find an orange box titled “How much of your KiwiSaver return is made up of fees?”. It sits just …
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The Ministry of Business, Innovation & Employment has outlined new criteria for KiwiSaver default fund providers as it seeks bidders in a request for proposals released today. KiwiSaver providers who want to be part of the default scheme will need to offer a low-fee balanced fund that does not invest in weapons or fossil fuels, …
Continue reading “Tender for default KiwiSaver funds finally arrives”