KiwiSaver members should not be allowed to “set and forget” a five-year contributions holiday, providers and industry commentators say. Members can choose to opt out of their contributions for five years at a time. At the end of that period, they are asked whether they want to roll over on to another contribution holiday. If […]
Category Archives: KiwiSaver Articles
KiwiSaver well-positioned for 2016
Aggressive and growth funds are likely to continue to top the KiwiSaver performance tables through 2016, an analyst says. On a three-year annualised basis, aggressive and growth funds have been the clear standouts, returning 11.9% and 11.5% respectively according to research house Morningstar. That is well ahead of balanced funds’ average 9.7%, moderate funds’ 7.3% […]
Advisers vital for KiwiSaver: Beattie
Many KiwiSaver members do not feel they have enough money in their accounts to make seeking advice worthwhile, even if the service is free, one provider says. Grosvenor is a new default provider of the saving scheme. As part of its service to clients, it offers them access to an adviser. Each new member who […]
Advisers could better tap KiwiSaver market
KiwiSaver has massively increased the market for financial advice in New Zealand, one analyst says. Collin Nefdt, formerly of Morningstar and now operating NZ Trends, has released new research looking at performance consistency of the KiwiSaver schemes. He analysed AMP, ASB, Fisher Funds, Grosvenor, Mercer, Milford, OneAnswer and Westpac and compared their ability to beat […]