Your online guide to KiwiSaver, the Government superannuation scheme
Consilium says it has seen a surge in advisers using its KiwiWRAP KiwiSaver scheme along with an increasing interest in personalised KiwiSaver advice from high-balance investors. The KiwiWRAP scheme, available to advisers only, now has more than $200 million in funds under management. "KiwiWRAP continues to attract investors with higher balances who are seeking tailored advice …
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Three companies have celebrated $2 billion milestones recently. Tauranga-based First Mortgage Trust recently cracked the $2 billion funds under management. FMT’s strongest growth has come from existing investors and borrowers sharing their positive experiences. “Most of our new investors come to us through word of mouth, from a friend, a family member, or someone they …
Sharesies’ KiwiSaver scheme should tip over into break-even and profitability in the current financial year, says the company’s KiwiSaver general manager Matt Macpherson. The scheme’s net loss widened to a $1.1 million net loss in the year ended March 31 from the previous year’s $964,000 loss, although funds under management (FUM) rose from $150 million …
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The Financial Markets Authority says there has been a."dramatic" shift of KiwiSaver funds to riskier assets and one fund manager says that's a good thing. In an Occasional Paper Series the regulator has observed a dramatic increase in the overall risk categorisation of KiwiSaver funds in recent years. "The proportion of KiwiSaver invested in risk …
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