Tax changes to KiwiSaver are needed to encourage New Zealanders to start saving enough for their retirements, an AFA has told the Tax Working Group. Drew Hoffman, an authorised financial adviser at Newton Ross, said New Zealanders were saving too little in KiwiSaver – and the lack of tax incentives on the scheme could be […]
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Tough quarter for KiwiSaver
Most KiwiSaver funds reported a negative return for the first three months of this year. Morningstar has released its latest KiwiSaver survey, for the March quarter. It shows funds invested in defensive assets outperformed those with a bias to growth. Morningstar said volatility returned to the markets in the first quarter of 2018 and while […]
Smartshares offers new option for advisers
Smartshares is launching a new KiwiSaver structure today that allows advisers to set the fee their clients pay for their advice. Head of funds management Hugh Stevens said there was a lot of discussion in the market about how KiwiSaver advice could be provided to those who wanted it. He said the old structure of […]
Advisers: Fee move will make little difference
KiwiSaver investors will soon see the fees they pay displayed in dollar terms – but advisers are not convinced it will have any effect. From April 1, fees will have to be made clearer. If a customer has a balance of $10,000 in their KiwiSaver account, until now they might have seen the fund manager’s fee […]