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 […]