Some KiwiSaver funds could be less liquid than they claim. At $55 billion, KiwiSaver is about the size of a third of all shares listed on the NZX. That is big enough to hide a multitude of “assets”. Like the dark web, you need to dig deeper than the fund updates and use forensic expertise to decipher what funds hold, but if you …
Category Archives: KiwiSaver News
FSC KiwiSaver overhaul: Boost access to advice
Financial advice could be provided free or at a discount to SuperGold cardholders, or be made tax-deductible, the Financial Services Council has suggested among its package of recommendations to overhaul KiwiSaver. Its KiwiSaver 2050 document, released today, identifies six issues to be tackled to improve the performance of KiwiSaver over the long term. It said …
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Which KiwiSaver funds will weather the currency war?
It’s important to understand how different KiwiSaver Schemes manage foreign currency within their international share exposure. Michael Lang explains. Foreign currency movements have again been in the news with the United States Treasury labelling China a currency manipulator. These movements can also have an impact on clients’ KiwiSaver returns. This is dependent on how a Scheme’s manager treats the foreign currency exposure they get when …
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Financial advisers want KiwiSaver to get SMarT
A group of four financial advice businesses wants the Government to consider implementing behavioural finance techniques to boost KiwiSaver returns. Jonathan Parsons, of Spratt Financial, Ali Bazzaz, of One50 Group, Joseph Darby, of Milestone Direct and Clive Fernandes of National Capital are lending their support to a Victoria University report as part of a submission …
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