Your online guide to KiwiSaver, the Government superannuation scheme
KiwiSaver providers are raising questions about a series of prescribed assumptions they will have to use to show clients' KiwiSaver balance projections – including that defensive funds will lose money in real terms each year. The Financial Markets Conduct Amendment Regulations 2019 require annual statements sent to KiwiSaver members from next year to include a …
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A new robo-advised KiwiSaver scheme, partly-owned by sharebroker Hobson Wealth, is set to launch in a month's time, designed to offer better investor outcomes. Founder Rupert Carlyon said Kōura Wealth had received its MIS licence this week and planned to launch to the public in three or four weeks' time. Hobson Wealth owns about half …
Continue reading “Hobson Wealth latest to enter KiwiSaver with a robo solution”
Default KiwiSaver schemes may no longer be conservative, and could be forced to charge lower fees, if Government proposals for a revamp of the scheme are adopted. The Ministry of Business, Innovation and Employment (MBIE) has released a discussion document as consultation opens on the KiwiSaver default fund system. MBIE noted that there were about …
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Morningstar warns the past quarter was “about as good as it gets” for KiwiSaver returns. It has released its latest KiwiSaver quarterly survey, which showed all KiwiSaver funds reported positive returns in the June quarter. Average multisector category returns ranged from 4.2% for the aggressive category to 2.1% for the conservative category. The top performers …