More people over the pension age are choosing to keep their KiwiSaver funds active, AMP Wealth Management says. “We’re seeing fewer KiwiSaver clients withdrawing all their funds when they reach retirement age,” chief executive Blair Vernon said. “In fact, nearly 7% less than this time last year, representing about $4 million in KiwiSaver investments.” Vernon […]
Category Archives: KiwiSaver Articles
KiwiSaver Insight
New Zealand deserves a level (default) playing field NZ Funds recently launched a free COVID-19 KiwiSaver hotline supported by independent advisers throughout the country. The phone line is open to clients of any KiwiSaver provider and promises no sales or products, just generic KiwiSaver advice. Since its launch, the phone line has been inundated with calls from anxious investors whose savings are with large state-appointed […]
Our $100 billion debt of gratitude
Sir Michael Cullen: The man who helped New Zealanders make better financial decisions. Every now and then someone comes along who, in their lifetime, puts in place changes which touch not only everyone in their generation, but generations to come. Sir Michael Cullen is one such person. In 1898, the government of Richard Seddon introduced a means-tested “old age pension”. This pension was […]
Is your KiwiSaver manager diversified?
Michael Lang looks at KiwiSaver asset allocation and discusses the benefits of diversification. Over the last decade New Zealand shares outperformed global shares by 120%. New Zealand shares now trade at a premium to their global counterparts. Whether your KiwiSaver manager favours local shares over international ones has been an important determinant of historic relative performance, and if history is any guide, it is […]