Financial advisers are not significantly influencing the rate at which new KiwiSaver members are enrolling in the scheme, a new Treasury report says. The report by Treasury analysts was released this month. It says four out of five new enrolees join the scheme via banks and the impact of financial advisers on KiwiSaver is limited. […]
Category Archives: KiwiSaver Articles
New KiwiSaver fund for house buyers
BNZ is launching a new KiwiSaver First-Home Buyer Fund. This new fund, open to customers from Thursday, extends BNZ’s KiwiSaver Scheme fund choices from five to six. It is designed for people saving for their first home using BNZ KiwiSaver and who intend to withdraw their savings for their deposit. BNZ head of wealth Donna […]
Risk tools for KiwiSaver advisers
Advisers are being offered new tools to help them analyse KiwiSaver funds’ risk. KnowRisk.biz has been launched by Peter Urbani and offers risk analysis of the retirement savings scheme. Membership of the website is free but risk tools cost $50 per download. Urbani said sites such as Sorted provided adequate information for retail clients. But […]
Advisers’ concern at bank bundling
Advisers are worried about banks moving in on their turf with home loan offers that require customers to have multiple products with the lender. One adviser, who did not want to be named, said he lost the KiwiSaver account of a long-standing client when he was offered $1500 towards his mortgage if he brought a […]