Author Archives: admin

Sir Michael Cullen: The man who helped New Zealanders make better financial decisions. Every now and then someone comes along who, in their lifetime, puts in place changes which touch not only everyone in their generation, but generations to come. Sir Michael Cullen is one such person. In 1898, the government of Richard Seddon introduced a means-tested “old age pension”. This pension was […]

Michael Lang looks at KiwiSaver asset allocation and discusses the benefits of diversification. Over the last decade New Zealand shares outperformed global shares by 120%. New Zealand shares now trade at a premium to their global counterparts. Whether your KiwiSaver manager favours local shares over international ones has been an important determinant of historic relative performance, and if history is any guide, it is […]

KiwiSaver provider Generate is encouraging advisers to refer clients who are worried about its recent hack back to its website. It revealed last week that there had been illegitimate access to its systems. Data about 26,000 members, including their ID documents and passwords, was accessed. “We know that advisers are fielding questions from clients about […]

Lifestages funds are a better option for savers than default KiwiSaver funds, but they’re not all created equal, new research from MyFiduciary suggests. The research was commissioned by NZ Funds and reviewed the lifestages options available in New Zealand. Nine out of 22 KiwiSaver managers offer a lifestages option. These reduce the level of risk […]