National Party finance and commerce spokesperson Andrew Bayly, says he did not know if KiwiSaver Scheme managers had been consulted as the initiative was led by housing spokesperson Chris Bishop. The National election promise will allow under-30-year-olds to use KiwiSaver for tenancy bonds. Bishop announced the intention to students at Auckland University. Under it students […]
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KiwiSaver gender gap widens further, average balances drop
The gender gap for average KiwiSaver balances widened five per cent from 2021 to 2022, increasing from 20 to 25 per cent. New data from the Te Ara Ahunga Ora Retirement Commission shows gender gaps in every age category widened with larger gaps opening in younger age groups, up 7% to 23% for 18-25 year […]
National Capital hits $100m for KiwiSaver advice
Digital financial adviser National Capital has hit $100 million in KiwiSaver funds under advice. National Capital founder Clive Fernandes says with the KiwiSaver total approaching the $100 billion mark ($971 billion in Q1 according to the Reserve Bank), a huge proportion of New Zealanders are still not getting any advice on their KiwiSaver accounts. He […]
Generate puts $20m into new Icehouse Ventures fund
Generate KiwiSaver has committed $20m to Icehouse Ventures’ Growth Fund II, a $100m venture capital fund to 20 established New Zealand technology companies to expand in global markets. Generate chief investment officer Sam Goldwater says, Generate was attracted by the unique deal flow and insights of Growth Fund II as a result of Icehouse Ventures’ […]