Small reductions to KiwiSaver fund managers’ fees are nothing to be celebrated, an adviser says. A review of KiwiSaver default providers’ fees was met with little action from the industry. Only two of nine providers moved their fee in response – ANZ and Kiwi Wealth. ANZ dropped its fee by just two basis points and […]
Category Archives: KiwiSaver Articles
‘Information gap’ harming KiwiSaver outcomes
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 […]
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 […]