Category Archives: KiwiSaver Articles

KiwiSaver providers have been told they must do better, as the amount they earn in fees soars. Financial Markets Authority chief executive Rob Everett says KiwiSaver has now reached the size where providers might be able to trim fees, but that is not happening, and providers must do more to engage their members. The regulator […]

KiwiSaver provider Simplicity has signed a deal with variable annuity firm Lifetime Retirement Income, to provide a new KiwiSaver fund that offers retirees an income for life. It is launching the Simplicity Guaranteed Income Fund, which members can switch to as they approach retirement. Then they receive 5% of their final KiwiSaver balance for life, […]

There should not be a need for finance companies to tap into borrowers’ KiwiSaver accounts when they default on a loan, one provider says. The Commerce Commission has revealed that it has been told finance companies think they can access borrowers’ retirement savings if they fall behind on their loans. In its latest Consumer Issues […]

Are KiwiSaver fees too high – or to fund managers deserve to be rewarded for offering something a bit extra? The fees charged by fund managers, particularly in the KiwiSaver scheme, have been in the spotlight since ANZ released its whitepaper and survey to mark 10 years of the scheme. In it, it said that […]