First-home changes suggested

The option to withdraw KiwiSaver fund to buy a first home should be retained but other changes made if default funds are changed to “life stages” settings, Mercer says. Mercer, one of the default providers, has about $800 million under management in KiwiSaver and Mercer’s New Zealand boss Martin Lewington said the first-home option has […]

TSB takes on KiwiSaver without AFAs

TSB bought into a stake in a KiwiSaver fund manager without having any authorised financial advisers on staff. TSB became Fisher Funds’ second-largest shareholder, with a 26% stake, when it backed its acquisition of TOWER’s investment business last month. But its first priority now is upskilling its staff as it does not have anyone qualified […]

Fidelity Life hooks up with global giant

KiwiSaver provider Fidelity Life has teamed up with giant global investment manager Dimensional to launch two new funds. Fidelity Life is launching the Asset Class Conservative Kiwi Fund and the Asset Class Growth Kiwi Fund, which will both have DFA Australia (Dimensional) as their primary fund manager. Dimensional manages more than US$270 billion in assets […]