The government is proposing changes to KiwiSaver fund reporting to help members better understand their funds The public will get a chance to have a say on proposed new rules for reporting of KiwiSaver funds. Commerce Minister Craig Foss said the rule change, signalled in this year’s budget, would help investor confidence. KiwiSaver schemes would […]
Category Archives: KiwiSaver Articles
Savings confidence drops despite KiwiSaver growth
The continued rise of KiwiSaver has failed to prevent an unexpected drop in retirement savings confidence, but commentators say it is too early to tell whether the result is a temporary blip. ANZ’s latest Retirement Savings Confidence Barometer found 56% of New Zealanders who are saving toward their retirement are not confident they will reach […]
Kiwibank KiwiSaver to operate under GMI brand
Kiwibank has confirmed its KiwiSaver scheme will be replaced by one managed by Gareth Morgan Investments (GMI), but it hasn’t decided whether the scheme will be rated by Morningstar. GMI, which Kiwibank bought earlier this year for an undisclosed amount, is one of the few major KiwiSaver schemes that do not take part in the […]
KiwiSavers not hurt by growth fund woes
KiwiSaver growth funds have had another tough quarter, but the long-term struggles of growth funds seem to have had little impact on investors’ overall returns so far. Morningstar’s latest KiwiSaver survey found that the mixed returns from sharemarkets resulted in funds with higher exposures to income assets (cash and fixed interest) outperforming those with more […]