A Canterbury law firm specialising in wills and estates is petitioning parliament to enable executors of wills to access funds of up to $25,000 without needing High Court paperwork. When a person dies with $15,000 or more in their KiwiSaver fund, executors have to apply to the High Court for probate (of a valid will) […]
Category Archives: KiwiSaver Articles
Fisher Funds to jettison fees
Fisher Funds has announced it will remove performance fees across all its KiwiSaver and managed funds’ multi asset portfolios on July 1. Fisher clients were told performance fees will go in their monthly performance update. CEO Bruce McLachlan says Fisher wants to leverage the scale it has achieved through its acquisition of Kiwi Wealth last […]
Call for transparency to ensure investor confidence
KiwiSaver providers should tell clients about exposures to Silicon Valley Bank and Signature Bank and put them in context to restore confidence. Investment advisor Chris Douglas of My Fiduciary says KiwiSaver fund managers have an obligation to provide full and frank disclosure to investors and even prospective investors. His comments come in the wake of […]
Milford embraces technological advice and transparency as part of third party Kiwisaver growth
In 2007, Milford Asset Management entered its retail phase, originally built on a network of direct clients. It has steadily established a following among third-party advice businesses and recently have switched to multi-channel distribution. Despite having a multi-channel distribution strategy prior to joining, Milford head of intermediary distribution Michael Robson says his role four years […]