Your online guide to KiwiSaver, the Government superannuation scheme
The newest player in the KiwiSaver market is due to launch its offering in two weeks’ time. Nikko Asset Management will enter the market with an offering using eight of its funds. While it may seem late in the piece to be joining KiwiSaver, managing director George Carter says a window of opportunity has been …
Continue reading “Robo advice changes open door to new KiwiSaver player”
The newest player in the KiwiSaver market is due to launch its offering in two weeks’ time. Nikko Asset Management will enter the market with an offering using eight of its funds. While it may seem late in the piece to be joining KiwiSaver, managing director George Carter says a window of opportunity has been …
Continue reading “Roboadvice changes open door to new KiwiSaver player”
One fund manger is calling for tax breaks to boost New Zealand’s savings rate. Milford Asset Management chief executive Troy Swann said savings was a politically sensitive issue. He said New Zealand’s household savings rate had been negative for the past several years, compared to a rate of 4.6% in Australia. “As a matter of …
Continue reading “Tax breaks needed to boost savings: Milford”
Small reductions to KiwiSaver fund managers’ fees are nothing to be celebrated, an adviser says. A review of KiwiSaver default providers’ fees was met with little action from the industry. Only two of nine providers moved their fee in response – ANZ and Kiwi Wealth. ANZ dropped its fee by just two basis points and …