Former Fisher Funds chief investment office Warren Couillault is involved in a new venture that has launched a KiwiSaver scheme. The Generate KiwiSaver scheme, New Zealand’s newest KiwiSaver scheme, was registered with the Financial Markets Authority on December 17. Generate Funds was established in November and its directors include Couillault and Peter Brook, an independent […]
Category Archives: KiwiSaver News
Cullen calls for major KiwiSaver changes
KiwiSaver should be made compulsory and contribution rates should be increased, the scheme’s founder Sir Michael Cullen told a conference yesterday. The former Finance Minister has also mooted making annuities compulsory or implementing a one-off tax on KiwiSaver schemes at maturity to help reduce future New Zealand Superannuation costs. Under Sir Michael’s plan, KiwiSaver would […]
Life-cycle funds no substitute for advice
Managed funds with a “life-cycle” component won’t take the place of financial advisers but are the next best option for the large number of people who don’t use advice, an expert says. A review is underway into the KiwiSaver default scheme system and Mercer, one of thedefault providers, is pushing for a life-cycle component linking […]
KiwiSaver competition heating up
Competition between KiwiSaver providers is intensifying as the growth in new members slows, a new analysis by the Financial Markets Authority suggests. The FMA’s annual KiwiSaver report, which covered 50 schemes, showed that in the year to March nearly $750 million was transferred between schemes, including just under $50 million transferred out of default funds. […]