Your online guide to KiwiSaver, the Government superannuation scheme
A recent NZ Funds-commissioned survey by MyFiduciary gives interesting insights into the KiwiSaver life-stages options available. Most advisers know that around 90% of the variation in a KiwiSaver member’s returns is due to asset allocation and that younger investors should have a greater exposure to growth assets than older investors. They also know that KiwiSaver is a scale game, as member balances are …
Continue reading “Mirror, mirror on the wall, who has the best lifecycle of them all?”
More than 80% of New Zealanders expect their KiwiSaver and other investments to be invested responsibly and ethically, new research by the Responsible Investment Association of Australasia and Mindful Money has shown. That is up from 72% last year. Two-thirds said they would consider switching KiwiSaver provider if their current fund manager engaged in activities …
Continue reading “Investors prepared to switch for ethical funds, report shows”
Almost quadrupling the value of the Government's member tax credit for KiwiSaver members might get more self-employed people contributing, the Retirement Commissioner says. Acting commissioner Peter Cordtz is working towards the completion of the three-yearly review of income policies. A working group undertaking research for the review said increasing the credit from $521 for every …
Continue reading “Increase Govt KiwiSaver contribution: Commission”
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 …
Continue reading “FMA: Time to show what KiwiSaver members get for fees”