Author Archives: admin

There are concerns that a bill that would make it easier for foster children to access KiwiSaver may be stopped in its tracks. The private member’s bill was introduced by National P Hamish Walker and would allow any foster parent to approach a KiwiSaver provider to open an account for a foster child in their […]

An authorised financial adviser who has been granted an exemption to offer personalised roboadvice says the process was an involved one. Clive Fernandes is director and founder of National Capital, a financial advice firm that focuses on KiwiSaver. It is the fourth business to be granted the exemption by the Financial Markets Authority, behind Kiwi […]

Financial advisers are stepping in while the Government 'does nothing' to ensure KiwiSaver works for New Zealanders, one market commentator says. The recent Morningstar KiwiSaver report showed some of the schemes that deal most commonly with financial advisers were lagging behind industry average returns. In the year to December, default KiwiSaver funds returned an average […]

About 60% of all KiwiSaver funds tracked by Morningstar ended 2018 in the red. It has released its latest KiwiSaver survey, showing sharemarket volatility hurt fund managers. Returns for the calendar year ranged from 3.60% down to a loss of 6.77%. The conservative category recorded an average return of 1.3% for the year, followed by […]