New data from ANZ shows a big increase in the number of first-home buyers turning to KiwiSaver to help them get into the property market. ANZ, the country’s biggest KiwiSaver provider, said the number of withdrawals for a first home has increased by 188 per cent over the past three years as KiwiSaver balances increase …
Category Archives: KiwiSaver News
Autopilot mode helps KiwiSaver members to better returns
KiwiSaver investors are suffering less of a “behaviour gap†in returns than investors in other New Zealand managed funds, new research from Morningstar shows. The research house is producing a new set of data that considers investor returns, as well as fund managers’ performance. This highlights the difference in what investors themselves receive as opposed …
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Generate racks up $200m
Boutique KiwiSaver manager Generate has ticked over $200 million in funds under management. It grew by 3000 members in the last quarter – faster than some of the bank-owned schemes. Chief executive Henry Tongue said one of the key points of difference was that Generate advisers helped their clients understand KiwiSaver’s benefits and to find …
Industry told: Make Kiwis care
Advisers need to get New Zealanders off “autopilot†when it comes to retirement savings, one commentator says. KPMG has released its second Funds Management Industry Update, which covers the strengths and weaknesses of the country’s funds management industry. John Kensington, KPMG’s Head of Financial Services, said the industry needed to adapt to the way customers …