KiwiSaver providers say some of the guidance they are getting from the Financial Markets Authority about their sales and advice processes may be getting in the way of members switching funds. The FMA has released its latest KiwiSaver report, which shows that, for the first time, the number of people transferring between schemes was higher […]
Category Archives: KiwiSaver Articles
ANZ fee reduction praised
Morningstar analysts have given their stamp of approval to a reduction in ANZ KiwiSaver fees. The rating house has given the bank’s KiwiSaver funds a silver rating. Analyst Elliot Lucas said the depth and tenure of the ANZ investment team was unmatched among KiwiSaver providers, although investment analyst Alan Clarke and senior capital markets manager […]
KiwiSaver providers consider private investments
Private companies are being suggested as a good place for KiwiSaver providers and other fund managers to find growth opportunities. John Johnston, of Milford Asset Management, said a disproportionate share of New Zealand’s economic output was concentrated in the hands of privately-owned enterprises rather than being accessible to investors via the listed market. He said […]
Booster KiwiSaver passable, Morningstar says
Research house Morningstar has given faint praise to the KiwiSaver schemes operated by Grosvenor, now rebranded as Booster. The balanced fund, balanced growth, conservative fund, high-growth fund and default saver fund have all been given a neutral rating in the latest update. They were previously rated negative. Morningstar hands out gold, silver, bronze, neutral and […]