Author Archives: admin

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 […]

Booster has snapped up the former Mahana Estates winery site, and announced the formation of the Booster Wine Group. The high-profile Nelson winery went into receivership as its owner became embroiled in a bitter legal fight with a Las Vegas businessman. KiwiSaver provider Booster spotted the opportunity to add the site to its other wine […]

Government is exploring its options to allow people with life-shortening conditions to access their KiwiSaver money earlier. Two independent advisers, Claire Matthews from Massey University, and the IHC's Donna Mitchell, will help Commerce and Consumer Affairs Minister Kris Faafoi find the best solution. Faafoi met with Down syndrome man Tim Fairhall earlier this year, who […]