The Financial Services Council has sounded the alarm over the “politicisation” of KiwiSaver. It was revealed at the weekend that the Government will require future default KiwiSaver providers to avoid any fossil fuel investments. They will also be required to place default members in balanced, not conservative funds. FSC chief executive Richard Klipin said the …
Category Archives: KiwiSaver News
How active is your KiwiSaver manager?
Active v passive – a popular discussion topic. Michael Lang discusses the features and benefits of both options. FMA ISSUES REQUEST FOR INFORMATION Late last year, KiwiSaver managers received a request for detailed financial information on the investment management of the KiwiSaver funds that they are responsible for. Initially this request came from a private organisation, but was followed up shortly afterwards …
Generate offers compensation
Hacked KiwiSaver provider Generate is offering to reimburse members for replacement identification documents, or waive their fees. It revealed last week that it had been the subject of a data breach affecting 26,000 of its members. Data including ID documents, tax codes, names and addresses was stolen. In an email to members, Generate said while …
Providers disagree on active advantage for responsible investment
Newcomer kōura is taking aim at a KiwiSaver provider's claim that active management provides an edge in catering to consumers' responsible investment demands. Joe Bishop, Kiwi Wealth chief customer officer, said Kiwis clearly wanted to have their funds invested responsibly but a lack of trust in their provider, and independent information, was preventing them from doing …
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