Your online guide to KiwiSaver, the Government superannuation scheme
While growth funds took a hammering in the first quarter of this year, the category is still the best performer over the longer term, Morningstar’s latest KiwiSaver survey shows. The survey for the March quarter noted that the S&P/NZX 50 Index was down 14.8% over that period. “While any drawdown is never ideal, New Zealand …
Continue reading “NZ market a better performer in slump: Morningstar”
Some KiwiSaver members could get a nasty surprise when they receive an update from their provider telling them what sort of income their savings could generate in retirement, one provider says. As of this year, annual KiwiSaver statements must include retirement savings lump sum and income projections. Blair Vernon, chief executive of AMP Wealth Management, …
“Ethical” KiwiSaver funds are outperforming their mainstream competitors through Covid-19 market disruption, a responsible investment platform says. Mindful Money chief executive and founder Barry Coates said funds that his platform classed as “mindful” outperformed in all risk categories in the first quarter of this year. On average, KiwiSaver funds fell 2.1% in the quarter but …
There are calls for New Zealand to follow Australia’s lead and make it easier for those affected by Covid-19 to access KiwiSaver savings. In Australia, people who are struggling because of Covid-19-related disruption have been allowed to access up to A$10,000 of their super before June 30 and another $10,000 between July and September. Richard …
Continue reading “KiwiSaver withdrawal process ‘should be easier’”