When is a ‘balanced’ fund not a balanced fund? When it takes the risk of a growth fund, one researcher says. AUT professor of finance Bart Frijns wrote a research paper in which he said the way KiwiSaver funds’ risk levels were described could be misleading. “When you look at the risk profile of a …
Category Archives: KiwiSaver News
Advice key part of KiwiSaver success: ANZ
Advice is important to make sure New Zealanders get the most out of KiwiSaver, the country’s biggest provider says – but it suggests much of it should be supplied free. ANZ has released a survey and whitepaper to mark the 10th anniversary of the retirement savings scheme. It called for the scheme to be made …
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KiwiSaver members don’t understand MTC
New research from Inland Revenue shows many KiwiSaver members don’t understand how the tax credit works, or what it is. The Commission for Financial Capability is calling for action from providers to ensure that more people in KiwiSaver receive one of its main benefits: the $521 member tax credit (MTC) paid to members by the …
Documents shorter but still dense
New product disclosure statements that were meant to be easier to understand still contain a large number of specialist financial terms, researchers say. Research by associate professor Aaron Gilbert and Ayesha Scott at AUT Business School Department of Finance has shown, on average, KiwiSaver PDS documents delivered under the new Financial Markets Conduct Act framework …