Advisers aren’t surprised at New Zealanders’ low levels of understanding about KiwiSaver. Mercer has released its latest KiwiSaver Sentiment Index, which shows that while a third of New Zealanders think they have a good understanding of KiwiSaver, there are still some big gaps in their knowledge. Only 31% of working New Zealanders confidently understood that […]
Category Archives: KiwiSaver Articles
Opt-in option could be popular
Schemes chosen as the new crop of KiwiSaver default funds this year may find there’s demand from investors who want to opt in, one financial services lawyer says. One of the conditions of being selected as a default provider for the next seven years is that the scheme must be open to people who choose […]
Kiwisaver influence ‘insignificant’
KiwiSaver has changed New Zealand’s managed funds industry but it has had little effect on household finances so far, a superannuation researcher says. Michael Littlewood, co-director of Auckland University’s Retirement Policy and Research Centre, analysed the impact of KiwiSaver on New Zealanders’ finances, based on data from the Reserve Bank. “With 2.2 million members and […]
OneAnswer funds perform well: Survey
Having an above-average allocation to global shares pushed ANZ’s OneAnswer Growth Fund to the top of the Melville Jessup Weaver KiwiSaver performance charts. The quarterly survey reports on the performance and risk characteristics of the majority of New Zealand’s investment funds. It found the OneAnswer Growth KiwiSaver fund returned 19.9% in the 12 months ended […]