KiwiSaver providers should not be allowed to charge a fee of more than 100 basis points – and if they cannot run their funds on that, they should not be in business, says Paul Glass, executive chairman of Devon Funds Management. He said the retirement savings scheme needed to be made compulsory and the NZ […]
Category Archives: KiwiSaver Articles
Kiwis leaving retirement planning too late
New Zealanders are leaving their retirement planning too late, one KiwiSaver provider says. Kiwi Wealth offers a Future You retirement forecasting tool to help people determine whether they are on track for their savings. But a third of its users so far have been aged over 44 and two-thirds are over 45. Head of retail […]
ANZ, FMA work on changing behaviour
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 […]
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 […]