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The number may be daunting – more than $1 million for a couple to retire comfortably – but many Kiwis won't have anything close to that in their KiwiSaver accounts by retirement age. So, should KiwiSaver be made compulsory? Considering 35% of New Zealanders over 60 don't know how much they need to retire comfortably, […]

Kiwi Wealth has followed BNZ and put administration of its default KiwiSaver Scheme on the MMC platform. MMC says this is an extension of its services to Kiwi Wealth. It will provide full registry services, as well as unit pricing and fund accounting for Kiwi Wealth’s Managed Funds and KiwiSaver products. By transitioning these services […]

BNZ have gone live with MMC’s registry services to support its default KiwiSaver scheme. MMC chief executive Vedran Babic says the project took six months to deliver and BNZ is the first KiwiSaver default provider for MMC’s registry services. The bank were already using MMC’s fund administration services for unit pricing and fund accounting across all their […]

KiwiSaver funds continue to ride the wave of buoyant stock markets with all funds making positive returns to the quarter ending June 30. According to the latest Morningstar quarterly KiwiSaver Survey released this week, all multisector KiwiSaver funds made positive returns with average category returns ranging from 1.6% for the conservative category and up to […]