AMP is to expand its KiwiSaver offering. The provider will add 16 funds to its existing 11 KiwiSaver options, and nine more to the NZ Retirement Trust offerings, which currently sit at 18. The new options will be available near the end of the month. They will be provided by external providers including ANZ, ASB, […]
Category Archives: KiwiSaver Articles
Forget returns and fees, investors told
New Zealand fund managers should be competing for KiwiSaver members on the basis of advice, transparency and service – not fees or returns, one manager says. Treasury this month released a report by Andreas Heuser that showed neither fees nor returns were significant drawcards for KiwiSaver members – who were instead more swayed by bank […]
More KiwiSaver options wanted
Almost half of New Zealanders would like to increase their KiwiSaver contributions by 1% at a time that suits them, according to a new survey by ANZ. ANZ, New Zealand’s largest KiwiSaver provider, surveyed 2000 people, asking them whether they would like the option to increase their KiwiSaver contributions in the future. A total 20% […]
Big lift in KiwiSaver withdrawals
New data from ANZ shows a big increase in the number of first-home buyers turning to KiwiSaver to help them get into the property market. ANZ, the country’s biggest KiwiSaver provider, said the number of withdrawals for a first home has increased by 188 per cent over the past three years as KiwiSaver balances increase […]