Your online guide to KiwiSaver, the Government superannuation scheme
Performance fees have helped to lift the fee revenue claimed by fund managers Milford and Fisher Funds. Companies Office figures show Milford reported fee revenue of $46.5 million for the year to March. That is up 21% on the previous year. Of that, $35.1m was management fees and $11.4m performance fees. Milford has near $4 …
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KiwiSaver firm Booster has made a direct investment of capital into a wine company. The investment in Awatere River Wine Company is the first injection of KiwiSaver funds into the wine industry. Awatere River Wine Company founder and winemaker Louis Vavasour said it was a vote of confidence in the buoyant New Zealand wine industry. …
ANZ is launching a new system through which it hopes to hold on to more of its KiwiSaver members. Ana-Marie Lockyer. ANZ’s general manager of wealth, said the bank was planning to send letters to rwho have signalled their intention to transfer out of its OneAnswer KiwiSaver Scheme. She said the bank would still process …
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KiwiSaver may have played a key part in saving an ailing advice industry, claims one industry commentator. But another says it may give advisers false hope of big money in the future. Ten years on from the introduction of the scheme, most industry commentators said it had been a positive development for financial advisers. David …
Continue reading “KiwiSaver: Advisers’ saviour, or a lot of work for little gain?”