New Zealanders are being too passive about their potential KiwiSaver earnings, according to analysis released by KPMG. KPMG’s new Funds Industry Management Update, released today, includes several articles that highlight the strengths and gaps of our KiwiSaver scheme. Independent investment researcher, Morningstar, says there’s an unnecessarily high concentration of KiwiSaver investment within conservative funds – […]
Category Archives: KiwiSaver Articles
FMA keen on KiwiSaver engagement
KiwiSaver advice practices will always be a point of interest to the Financial Markets Authority, its director of markets oversight says. The FMA has released its latest KiwiSaver report, which shows the amount earned from the scheme’s investments doubled in the year to March from a year earlier. Assets increased by 33% to $28.5 billion. […]
Problem of million non-contributing KiwiSaver members
AMP is calling for the one million New Zealanders who have stopped contributing to KiwiSaver on a regular basis to consider reinstating regular contributions in order to save for their retirement. Therese Singleton, general manager of investments and insurance at AMP, says: “More than one million KiwiSaver members across New Zealand have not made a […]
QROPS rules put stop to mergers
British migrants whose pensions are now trapped in KiwiSaver schemes are a roadblock for providers wanting to merge funds or acquire other schemes. It was reported last week that 12 members of Smartshares KiwiSaver face a tax bill of up to 55% if they move their money to the now NZX-owned SuperLife scheme. NZX has […]