Your online guide to KiwiSaver, the Government superannuation scheme
Research house Morningstar has given faint praise to the KiwiSaver schemes operated by Grosvenor, now rebranded as Booster. The balanced fund, balanced growth, conservative fund, high-growth fund and default saver fund have all been given a neutral rating in the latest update. They were previously rated negative. Morningstar hands out gold, silver, bronze, neutral and …
Continue reading “Booster KiwiSaver passable, Morningstar says”
Work is under way to require superannuation savings scheme providers to report on their annual fees in dollar terms – but some providers say that might be harder than some expect. The Financial Markets Authority, Commission for Financial Capability and Ministry of Business, Innovation and Employment are working on a project that could lead to …
Continue reading “Fees in dollar terms? Easier said than done”
Craigs Investment Partners is renaming both its KiwiSaver schemes in a bid to improve clarity for consumers. Craigs has announced it is to repackage its kiwiSTART Defined KiwiSaver scheme as QuayStreet KiwiSaver. Quay Street will take over as the named manager of the fund from Craigs Investment Partners Superannuation Management, but the underlying product, and …
A financial adviser is re-launching a KiwiSaver scheme in partnership with Forsyth Barr. Martin Hawes is chairman of the investment committee for Summer KiwiSaver. He said he wanted to grow the investment culture in New Zealand. He said New Zealanders could miss out on tens of thousands of dollars in retirement unless they became more …