A new, low-fee KiwiSaver scheme being launched today will be a good fit for financial advisers who work on a fee basis, its managing director says. Former Tower Investments boss Sam Stubbs is launching Simplicity, a not-for-profit scheme run in the style of health insurer Southern Cross. It will be run by a charity and […]
Category Archives: KiwiSaver Articles
Defensive funds regain ground
KiwiSaver funds with allocations to defensive assets are starting to shine again, new data shows. For a number of years now, aggressive and growth funds with heavy allocations to equities have been the star performers. But the latest Morningstar survey, for the June quarter, showed more conservative options gaining ground amid international jitters. Most KiwiSaver […]
KiwiSaver increasingly seen as retirement income option
A growing number of high-net-worth individuals are looking to KiwiSaver as a way to manage their retirement income, AMP’s general manager of insurance and investments says. AMP is introducing 16 new funds to its current 11 KiwiSaver options, which will be made available via an online platform. Therese Singleton said it was the next best […]
Advisers missing KiwiSaver opportunity
Advisers have an opportunity to encourage people to use their KiwiSaver statements to work out whether they are on track for retirement, although few of them seem to be taking it, the Financial Markets Authority says. It has released the results of a new survey, which showed 21% of KiwiSaver members had read their provider’s […]