KiwiSaver accounts took a hit for the first time in years in the September quarter, new Morningstar data shows. The research house has released its latest quarterly report on the retirement savings scheme. Conservative funds were the only positive performer, with an average return of 0.2% over the three months. The aggressive category performed the […]
Category Archives: KiwiSaver Articles
KiwiSaver too passive
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 – […]
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 […]