KiwiSaver investors are being told it’s better to focus on finding the right fund for their risk profile than to chase managers based on past performance. Morningstar has released its latest KiwiSaver survey, for the December 2014 quarter. It shows most asset classes registering positive returns. The growth category of KiwiSaver funds was the strongest […]
Category Archives: KiwiSaver Articles
KiwiSavers’ missing millions
KiwiSaver members in default schemes may have missed out on as much as $200 million in performance returns over the past 12 months because they are not in the right scheme. Almost 50 per cent of the 2.3 million people in KiwiSaver are in low-risk, conservative or cash funds. Twenty per cent of members are […]
Advisers told to take KiwiSaver opportunity
There are calls for advisers to be more proactive about encouraging KiwiSaver members to seek advice. Many financial advisers have steered clear of KiwiSaver so far because commission rates are not high enough to compensate for the time involved in giving advice on still-small balances. But balances are growing quickly. The cumulative value of maturing […]
Local bias sparks warning
A strong local bias in KiwiSaver and non-KiwiSaver investments is leaving New Zealand investors vulnerable in the event of an economic crisis, one fund manager says. KiwiSaver funds have a strong local investment slant. According to the Reserve Bank, there is $10.6 billion of KiwiSaver funds invested in New Zealand assets, compared to $11.7 billion […]