KiwiSaver investors still lack the knowledge required to make good choices about the investments, ASB’s latest KiwiSaver survey shows. ASB senior wealth economist Chris Tennent-Brown said the latest KiwiSaver survey, for the February quarter, showed most were still extremely conservative in their investment preferences, which would could harm their long-term outcomes. “It’s surprising that a […]
Category Archives: KiwiSaver Articles
Market wobble highlights value of advice
Share market volatility this week caused little concern for KiwiSaver members – and that could be down to financial advisers doing their job. Booster chief investment officer David Beattie said his organisation had received just one call after US markets dropped at the beginning of the week. He said that could be because the Booster […]
KiwiSaver ‘shouldn’t be only scheme with perks’
The Government should think about offering other tax-advantaged investment vehicles if it wants to break New Zealanders’ focus on residential property, says Rebecca Thomas, chief executive of Mint Asset Management. She said it was currently a hard sell to promote managed funds, when it was KiwiSaver stacked with incentives. Data from Milford shows that over […]
Savers may be better off with govt fund: Treasury
Savers would be better off in a government-run KiwiSaver scheme, new data suggests. As part of coalition negotiations in October, the Green Party asked Treasury to do some analysis of the cost to establish and run a default public KiwiSaver fund and the potential savings benefits for average KiwiSaver members at retirement. A scheme administered […]