New Zealand’s falling dollar made the biggest difference to KiwiSaver members’ account balances over the most recent quarter, research firm Morningstar says. It has released its latest KiwiSaver survey, to June 30. Over that period, the New Zealand dollar fell in value by just over 8% against the US, 12% against the Euro, 9% against […]
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Options discussed to improve KiwiSaver
A number of simple steps could dramatically improve the financial wellbeing of KiwiSaver members if there was industry collaboration to implement them, investor education workshops have been told. At IRD’s annual KiwiSaver day this year it is holding a workshop to discuss possible administrative tweaks to the KiwiSaver system. As part of the Commission for […]
Still reasons for kids to join KiwiSaver: ANZ
There are still benefits to signing children up for KiwiSaver, despite the removal of the $1000 kickstart, says ANZ’s general manager of wealth products and marketing Ana-Marie Lockyer. ANZ is reporting 50% fewer new KiwiSaver sign-ups since the incentive was removed. Lockyer said part of that reduction would be fewer people aged under 18 signing […]
KiwiSaver members urged to ponder asset allocation
Conservative KiwiSaver funds are being tipped to barely outperform cash over the next seven years. The New Zealand Institute of Economic Research (NZIER) has warned that KiwiSaver members in conservative funds are in for poor returns, in its first New Zealand Investment Quarterly. Conservative funds, including the nine KiwiSaver default funds, mostly invest in sovereign […]