Your online guide to KiwiSaver, the Government superannuation scheme
Financial advisers are stepping in while the Government 'does nothing' to ensure KiwiSaver works for New Zealanders, one market commentator says. The recent Morningstar KiwiSaver report showed some of the schemes that deal most commonly with financial advisers were lagging behind industry average returns. In the year to December, default KiwiSaver funds returned an average …
Continue reading “Advisers stepping in where Govt scheme lacking”
About 60% of all KiwiSaver funds tracked by Morningstar ended 2018 in the red. It has released its latest KiwiSaver survey, showing sharemarket volatility hurt fund managers. Returns for the calendar year ranged from 3.60% down to a loss of 6.77%. The conservative category recorded an average return of 1.3% for the year, followed by …
Continue reading “KiwiSaver funds suffer under market volatility”
Financial markets over the last few years have enjoyed the equivalent of a “long hot summer” characterised by calm weather and warm sunny days. From experience, we all know that long hot summer days can occasionally encourage excess in the form of too much sun or fun. The same excess is also a risk for …
Continue reading “Has the corporate bond market partied too hard?”
Booster has snapped up the former Mahana Estates winery site, and announced the formation of the Booster Wine Group. The high-profile Nelson winery went into receivership as its owner became embroiled in a bitter legal fight with a Las Vegas businessman. KiwiSaver provider Booster spotted the opportunity to add the site to its other wine …