The newest player in the KiwiSaver market is due to launch its offering in two weeks’ time. Nikko Asset Management will enter the market with an offering using eight of its funds. While it may seem late in the piece to be joining KiwiSaver, managing director George Carter says a window of opportunity has been […]
Category Archives: KiwiSaver Articles
Tax breaks needed to boost savings: Milford
One fund manger is calling for tax breaks to boost New Zealand’s savings rate. Milford Asset Management chief executive Troy Swann said savings was a politically sensitive issue. He said New Zealand’s household savings rate had been negative for the past several years, compared to a rate of 4.6% in Australia. “As a matter of […]
KiwiSaver fee drop ‘missed the mark’
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 […]
‘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 […]