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The number of KiwiSaver providers in the New Zealand market may be unsustainable, the head of one of them says. Mercer NZ managing director Martin Lewington said he could imagine a future where KiwiSaver was offered by a few big providers with multi-sector portfolios. A few boutique businesses would then operate alongside, differentiating themselves with […]

Smaller providers will have to differentiate themselves to stand out in a KiwiSaver market dominated by banks, an investment analyst says. Mark Weaver, of actuarial firm Meville Jessup Weaver Investments, said banks controlled 58.5% of the KiwiSaver market, not including ANZ’s OneAnswer scheme. There are 28 KiwiSaver providers, six of which are banks. He said […]

FMA is assessing a complaint about Milford Asset Management’s marketing activities. Fisher Funds boss Carmel Fisher says she is disgusted at Milford’s tactic of “ambush marketing” – using the Fisher brand name in a Google AdWords marketing campaign. Milford is believed to have paid to have had the Fisher Funds brand name as one of […]

Women need to be encouraged to think about their retirement savings plans, and regularly check they are on track, ANZ’s general manager of wealth products says. Ana-Marie Lockyer said there were big challenges for women planning their retirements. “Women are coming from behind in saving for their retirement,” Lockyer said. “On average, women live longer […]