Your online guide to KiwiSaver, the Government superannuation scheme
More people over the pension age are choosing to keep their KiwiSaver funds active, AMP Wealth Management says. “We’re seeing fewer KiwiSaver clients withdrawing all their funds when they reach retirement age,” chief executive Blair Vernon said. “In fact, nearly 7% less than this time last year, representing about $4 million in KiwiSaver investments.” Vernon …
Continue reading “‘Retirees’ stick with KiwiSaver, AMP says”
New Zealand’s KiwiSaver sector has panned a proposal from National to allow unemployed people to tap into their accounts to start a business. National leader Judith Collins revealed the plan on Wednesday. The scheme would give people a $1,000 voucher to get advice from a chartered accountant or “registered financial adviser” to talk about their …
Michael Lang compares default and non-default KiwiSaver investment options. Last month, we questioned why the New Zealand regulatory environment 'gifts' billions of dollars of Kiwi savings to only nine of New Zealand’s 23 KiwiSaver managers, when all managers must demonstrate they are worthy of managing the public funds. We showed that few of the default managers selected had New Zealandowned parent companies. Additionally, few of …
New Zealand’s KiwiSaver market has probably reached the critical mass required to create opportunities for financial advisers to assist, the Financial Markets Authority’s chief executive says. It and the Commission for Financial Capability are launching a campaign to encourage KiwiSaver members to engage with their annual statements, which this year include an indication of how …
Continue reading “Time for financial advisers to step up on KiwiSaver”