New low-fee KiwiSaver provider Simplicity has started accepting enrolments. “The platform has been thoroughly tested, and has passed with flying colours. It’s now fully functioning, industrial strength and ready to make Kiwis richer in retirement,” said managing director Sam Stubbs. He said customer demand had been strong. “We’ve already reached our 12 month targets. Thousands […]
Category Archives: KiwiSaver Articles
KiwiSaver puts squeeze on
Flows of KiwiSaver money into New Zealand equities are putting pressure on the market and could make it hard for managers to cash out if they want to, it has been claimed. Sam Faulkner, of Russell Investments, has written a report looking at the rapid growth of KiwiSaver assets and their effect on the New […]
KiwiSaver members lack knowledge on fees
Most New Zealanders are clueless about KiwiSaver fees and not much better informed about their funds’ performance, a new survey has shown. The survey was released by the Commission for Financial Capability and the Financial Markets Authority. It found fewer than half of the respondents knew even roughly what they were paying in fees and […]
Generate rakes in new FUM
Adviser-distributed Generate KiwiSaver grew its funds under management by just over a quarter in the three months to the end of June, a new survey shows. Aon has released its KiwiSaver survey for the June quarter, which shows overall FUM increased by 4%, to $32.9 billion. But Generate was a standout performer, with a 28.4% […]