New Zealanders with memories of financial crisis pain may be letting misinformation get in the way of retirement savings, a new survey shows. The Commission for Financial Capability has released the results of its survey of 2200 people, which asked why people joined KiwiSaver, or what put them off. The most common reason to enrol …
Category Archives: KiwiSaver News
KiwiSaver withdrawals suggested to pay for advice
More than a third of New Zealanders would be willing to use money from their KiwiSaver accounts to pay for advice on what to do with it, ANZ research shows. An ANZ survey of 700 people found more Kiwis plan to leave their KiwiSaver savings where they are when they hit the pension age. Just …
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Conservative funds take lead
More conservative KiwiSaver schemes are starting to get their chance to shine. After a number of years where growth and aggressive schemes were the outperformers, a period of sharemarket volatility has seen the balance tip back in favour of those invested in less risky assets. Morningstar has released its survey for the quarter ended March …
KiwiSaver treated like a bank account, not investment
Three-quarters of all KiwiSaver members have no idea how much money they will have in their accounts when they reach retirement, a new survey shows. The survey of 781 members, commissioned by Kiwi Wealth, shows 77% of people do not know what their account will be worth when they hit 65. But more than half …
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