New Zealanders say there is not enough information available to help them choose responsibly invested KiwiSaver funds – but very few seek out an adviser to help them. Those are some of the findings of a new survey of more than 1000 New Zealanders. It was launched yesterday at the Responsible Investment Association Australasia’s conference […]
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FMA offers KiwiSaver advice guidance
Efforts are under way at the Financial Markets Authority to help address concerns from KiwiSaver providers that are believed to be limiting the advice members receive. It said the intention of its new draft guidance on KiwiSaver advice, which is out for consultation today, was to encourage advisers and financial firms to help New Zealanders […]
KiwiSaver bounces back
A solid quarter has seen KiwiSaver investments shake off the impact of Brexit-induced market turmoil. Morningstar has released its latest KiwiSaver report, which shows all options returned positive results over the September quarter. After market wobbles earlier in the year dented their fortunes, growth-oriented funds returned to outperforming their more conservative counterparts. Morningstar said this […]
Don’t dismiss KiwiSaver, advisers told
Advisers are being urged to think about KiwiSaver advice as a way to capture clients for the future. While KiwiSaver balances are growing, many advisers still regard the superannuation savings scheme as more trouble than it is worth. Commissions range between about 0.15% and 0.25% of the client’s balance. The average balance is about $12,000. […]