The number of KiwiSaver providers in the New Zealand market may be unsustainable, the head of one of them says. Mercer NZ managing director Martin Lewington said he could imagine a future where KiwiSaver was offered by a few big providers with multi-sector portfolios. A few boutique businesses would then operate alongside, differentiating themselves with […]
Category Archives: KiwiSaver Articles
Smaller players need to stand out
Smaller providers will have to differentiate themselves to stand out in a KiwiSaver market dominated by banks, an investment analyst says. Mark Weaver, of actuarial firm Meville Jessup Weaver Investments, said banks controlled 58.5% of the KiwiSaver market, not including ANZ’s OneAnswer scheme. There are 28 KiwiSaver providers, six of which are banks. He said […]
Complaint about ‘ambush marketing’
FMA is assessing a complaint about Milford Asset Management’s marketing activities. Fisher Funds boss Carmel Fisher says she is disgusted at Milford’s tactic of “ambush marketing” – using the Fisher brand name in a Google AdWords marketing campaign. Milford is believed to have paid to have had the Fisher Funds brand name as one of […]
KiwiSaver gender gap widens
Women need to be encouraged to think about their retirement savings plans, and regularly check they are on track, ANZ’s general manager of wealth products says. Ana-Marie Lockyer said there were big challenges for women planning their retirements. “Women are coming from behind in saving for their retirement,” Lockyer said. “On average, women live longer […]