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Simplicity cuts KiwiSaver fees and complains other managers are charging too much. KiwiSaver manager Simplicity has made a 3.3% total fee cut across its conservative, balanced and growth KiwiSaver funds and diversified investment funds. The new total fund charge will be 0.30%, effective April 1. The fee cut is the fifth in five years. Simplicity […]

KiwiSaver benchmarks, while fulfilling a government mandate, don’t serve much purpose, a new study says. While the first part of Russell Investment NZ’s research, released last year, focused on institutional benchmarking practices, the second considers KiwiSaver. It concludes that most benchmarks are composed of a hodgepodge of unrecognisable underlying fund benchmarks providing little relevant information […]

Big KiwiSaver managers continue to ramp up use of digital tools to steer jittery investors and beleaguered KiwiSaver members onto the right investment path. New Zealand’s second largest KiwiSaver provider ASB is launching a new KiwiSaver advice tool on its mobile app and online banking platforms and Kiwi Wealth has incorporated the Atomic.io messaging system […]

Sharesis has been granted a managed investment scheme licence and plans to roll out a KiwiSaver scheme next year. Sharesies will be launching a KiwiSaver scheme in the first half of 2023 with Kiwis able join the waitlist for early access. The KiwiSaver scheme is described as a natural step in Sharesies evolution since it […]