The FMA is working with ANZ to see if behavioural insights can prompt more ANZ KiwiSaver members to get retirement advice, or use retirement-planning tools, when they hit 56 years old. The pilot study is designed to examine if adjusting communications sent to ANZ KiwiSaver members at age 56, and users of their “lifetimes†investment …
Category Archives: KiwiSaver News
Equities boost KiwiSaver returns in March quarter
Increasing optimism about the world economy led to a lift in global sharemarkets in the March quarter and boosted some local KiwiSaver funds, Morningstar says in its latest update. Its survey for the first quarter of this year shows that KiwiSaver schemes with a bias to shares out-performed, while those with strong cash and fixed …
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More than half of Kiwis saving for retirement
Non-KiwiSaver schemes still have biggest balances, statistics show. Statistics NZ figures show 53% of adults have a private superannuation scheme. The median value of those schemes was $10,000. That includes KiwiSaver as well as company-based and state sector schemes. Just under 50% of adults had a KiwiSaver scheme. Only 8% were in a non-KiwiSaver …
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FMA asks: How should KiwiSaver fees be calculated?
KiwiSaver schemes will have to show investors the dollar cost of their annual fees, from next year. Now, the FMA is consulting on how those fees should be calculated and disclosed. It wants all providers to calculate the dollar figure of their fees int he same way. It has released a proposal for all …
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