Your online guide to KiwiSaver, the Government superannuation scheme
Government is exploring its options to allow people with life-shortening conditions to access their KiwiSaver money earlier. Two independent advisers, Claire Matthews from Massey University, and the IHC's Donna Mitchell, will help Commerce and Consumer Affairs Minister Kris Faafoi find the best solution. Faafoi met with Down syndrome man Tim Fairhall earlier this year, who …
Continue reading “Govt moves to allow early KiwiSaver withdrawal”
More specific guidance is needed from advisers if clients are to have the income they require in retirement. Let us cut to the chase, KiwiSaver was formed to ensure New Zealanders could self-provision for retirement. Its predecessor, NZ Super, which relies on tax payers funding the generation ahead of them, is failing. One need only …
Continue reading “What contribution rate should I have in order to retire?”
If the Financial Markets Authority's KiwiSaver Tracker was designed to make investors wary of higher-fee funds, it is not achieving its goal, one fund manager says. The FMA has updated its KiwiSaver tracker, which shows fees as a percentage of funds' five-year average return. Aggressive funds ranged from Mercer High Growth's 7.9% of return paid …
Why Asset Allocation and Advice beat everything else? Financial advice is much like other professional services; if clients put their mind to it they could probably do most of it themselves. Little of it is rocket science. But just as we don’t want to spend our weekend doing the family’s tax returns, writing a will …