Your online guide to KiwiSaver, the Government superannuation scheme
2016 drew to an unpleasant close for many KiwiSaver funds, Aon’s latest industry survey shows. In the December quarter, only cash funds posted a uniformly positive return. Across all the other fund types, most funds went backwards over the three months – although balanced, moderate and conservative funds were the most affected. Over the quarter, …
Continue reading “KiwiSaver feels hit of rising interest rates”
Fund managers charging high fees for their products have kept a lid on what advisers can earn, Simplicity’s managing director said as the provider launched its first non-KiwiSaver funds. Simplicity has unveiled plans to branch out into the wider investment funds sector. Its KiwiSaver scheme, launched last year, has $100 million under management. The funds …
Continue reading “Low-cost model better for advisers: Simplicity”
Former deputy prime minister and finance minister Sir Michael Cullen says the need for an annuity provider to help KiwiSaver members manage their lump sums on retirement is another sign of the scheme’s success. He recently joined the board of the Retirement Income Group (RIG). RIG manages New Zealand’s only variable annuity, Lifetime Retirement Income. …
Continue reading “KiwiSaver popularity brings attention to ‘second-order’ problems”
KiwiSaver provider Simplicity’s managing director Sam Stubbs says his funds’ first reported performance data are like “winning a bronze medal in your first event” despite a poor showing from its conservative fund. Morningstar has released its KiwiSaver survey for the December quarter. Kiwi Wealth’s growth fund was a standout performer, thanks in part to its …
Continue reading “Simplicity’s growth fund posts early success”