An authorised financial adviser who has been granted an exemption to offer personalised roboadvice says the process was an involved one. Clive Fernandes is director and founder of National Capital, a financial advice firm that focuses on KiwiSaver. It is the fourth business to be granted the exemption by the Financial Markets Authority, behind Kiwi […]
Category Archives: KiwiSaver Articles
Advisers stepping in where Govt scheme lacking
Financial advisers are stepping in while the Government 'does nothing' to ensure KiwiSaver works for New Zealanders, one market commentator says. The recent Morningstar KiwiSaver report showed some of the schemes that deal most commonly with financial advisers were lagging behind industry average returns. In the year to December, default KiwiSaver funds returned an average […]
KiwiSaver funds suffer under market volatility
About 60% of all KiwiSaver funds tracked by Morningstar ended 2018 in the red. It has released its latest KiwiSaver survey, showing sharemarket volatility hurt fund managers. Returns for the calendar year ranged from 3.60% down to a loss of 6.77%. The conservative category recorded an average return of 1.3% for the year, followed by […]
Booster adds to wine portfolio
Booster has snapped up the former Mahana Estates winery site, and announced the formation of the Booster Wine Group. The high-profile Nelson winery went into receivership as its owner became embroiled in a bitter legal fight with a Las Vegas businessman. KiwiSaver provider Booster spotted the opportunity to add the site to its other wine […]