Your online guide to KiwiSaver, the Government superannuation scheme
Financial advisers play an important role in helping people on lower incomes navigate retirement savings, AMP’s general manager in New Zealand says. Blair Vernon said KiwiSaver could be improved to better cater for those who were not high earners. He said he regularly spoke to people earning about $50,000 or less a year, who were …
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Access to financial advice is a key KiwiSaver benefit that will help New Zealanders achieve the best possible retirement outcome, Booster’s joint chief executive says, as a new provider takes an aggressive swing at the big guys. New low-fee KiwiSaver provider Simplicity has launched a calculator on its website that is designed to allow members …
The Government has missed a chance to improve New Zealanders’ retirement investment outcomes, Morningstar research shows. Morningstar has released a new report Mind the Gap, which shows the difference in individual investors’ outcomes compared to the asset class as a whole. It calculates fund returns using asset-weighted calculations as opposed to time-weighted returns and takes …
Continue reading “KiwiSaver contribution decision a missed opportunity”
KiwiSaver members who received engaging communication about making a fund choice are more likley to switch out of default funds, new research has found. The FMA has reported on its work with Kiwi Wealth, which was designed to determine whether behavioural prompts increased the number of active fund choices members made. New Zealand’s nine default …
Continue reading “Behavioural insights change KiwiSaver behaviour”