Most KiwiSaver funds reported a negative return for the first three months of this year. Morningstar has released its latest KiwiSaver survey, for the March quarter. It shows funds invested in defensive assets outperformed those with a bias to growth. Morningstar said volatility returned to the markets in the first quarter of 2018 and while …
Category Archives: KiwiSaver News
Smartshares offers new option for advisers
Smartshares is launching a new KiwiSaver structure today that allows advisers to set the fee their clients pay for their advice. Head of funds management Hugh Stevens said there was a lot of discussion in the market about how KiwiSaver advice could be provided to those who wanted it. He said the old structure of …
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Advisers: Fee move will make little difference
KiwiSaver investors will soon see the fees they pay displayed in dollar terms – but advisers are not convinced it will have any effect. From April 1, fees will have to be made clearer. If a customer has a balance of $10,000 in their KiwiSaver account, until now they might have seen the fund manager’s fee …
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Private equity, not govt mandates, KiwiSaver’s future: Managers
New Zealanders’ KiwiSaver savings would do more for the country if they were used in private equity deals, fund managers say. Finance Minister Grant Robertson, speaking at Russell Investments’ annual conference, said New Zealand needed to do better at keeping KiwiSaver money in New Zealand. He said central and local government could help by packaging …
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