Your online guide to KiwiSaver, the Government superannuation scheme
The Retirement Commissioner has made her recommendations for improving KiwiSaver and wants help from members of the financial services industry to get politicians to actually read it. She also wants the financial advice sector to get some cohesive messaging about products and services for retirement planning. Speaking on a Harbour Asset Management webinar about the …
Continue reading “KiwiSaver reform next steps – bail up a politician”
KiwiSaver funds under management increased 7.2% for the first quarter of the year (from $107.5 billion to $115.2 billion) to deliver 18.6% over the previous 12 months, but the value of NZ assets fell for the quarter. The value of KiwiSaver NZ assets decreased 4.17%, from $49.1b at the end of December 2023 to $47.1b …
New KiwiSaver analysis for 2023 shows the 25% gap between men and women’s balances did not improve over the year. The average KiwiSaver balance at Dec 31 2023 was $31,823, an increase of 16.2% ($4,444) from the previous year, shows research by Melville Jessup Weaver (MJW) for Te Ara Ahunga Ora Retirement. The increase reflects …
Women can narrow the $61 billion KiwiSaver retirement gap through playing to their investment strengths, says financial advice firm National Capital. In its fifth quarterly report on KiwiSaver, National Capital says women, on average earn 25% less salary than men. This, combined with a less growth-oriented investment strategy favoured by women, means the KiwiSaver gender …
Continue reading “National Capital: Women should back themselves on investment”