The FMA is working with ANZ to see if behavioural insights can prompt more ANZ KiwiSaver members to get retirement advice, or use retirement-planning tools, when they hit 56 years old. The pilot study is designed to examine if adjusting communications sent to ANZ KiwiSaver members at age 56, and users of their “lifetimes” investment […]
Category Archives: KiwiSaver Articles
Equities boost KiwiSaver returns in March quarter
Increasing optimism about the world economy led to a lift in global sharemarkets in the March quarter and boosted some local KiwiSaver funds, Morningstar says in its latest update. Its survey for the first quarter of this year shows that KiwiSaver schemes with a bias to shares out-performed, while those with strong cash and fixed […]
FMA asks: How should KiwiSaver fees be calculated?
KiwiSaver schemes will have to show investors the dollar cost of their annual fees, from next year. Now, the FMA is consulting on how those fees should be calculated and disclosed. It wants all providers to calculate the dollar figure of their fees int he same way. It has released a proposal for all […]
Deadline needed for clean default schemes: Greens
There are calls for the Government to give KiwiSaver providers a set deadline to divest from companies involved in the manufacture of cluster bombs, landmines and nuclear weapons. Four default providers – ANZ, Westpac, Kiwibank and Mercer – still have exposure to the industry despite a furore last year that drew public attention and condemnation […]