There remains no real incentive for clients to direct extra contributions into KiwiSaver, so long as New Zealand is still a global outlier in its choice of tax structure around retirement savings, according to one financial advisory firm leader. There remains no real incentive for clients to direct extra contributions into KiwiSaver, so long as […]
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No lid on KiwiSaver fees as balances grow
As KiwiSaver balances continue to swell the scheme is becoming a cash cow for investment managers, prompting one industry observer to question why there is not more downward pressure on fees. As KiwiSaver balances continue to swell the scheme is becoming a cash cow for investment managers, prompting one industry observer to question why there […]
Lock-up vs liquid: why a KiwiSaver cornerstone could change
With confidence in KiwiSaver underpinned by members’ ability to switch funds types and providers at a drop of hat, just how that will marry with long-term investment in potentially illiquid private assets remains in question. Financial services sector participants are weighing up the pros and cons of tweaks to regulation which could potentially pave the […]
KiwiSaver market share leader ANZ at bottom of performance table
The latest Morningstar KiwiSaver report shows the largest provider, ANZ with $22 billion under management, continues to be outperformed by most other providers in the core diversified fund categories. The report ranks ANZ multi-sector funds’ performance last or second to last place in conservative, balanced and growth categories for both the December quarter as well […]