KiwiSaver growth funds have had another tough quarter, but the long-term struggles of growth funds seem to have had little impact on investors’ overall returns so far. Morningstar’s latest KiwiSaver survey found that the mixed returns from sharemarkets resulted in funds with higher exposures to income assets (cash and fixed interest) outperforming those with more […]
Category Archives: KiwiSaver News
Strong support for compulsory KiwiSaver
Most New Zealanders support making KiwiSaver compulsory and believe it would be in New Zealand’s best interest, according to new research by the Financial Services Council. A Horizon Research poll of 3,177 adult New Zealanders commissioned by the FSC found that 74% think New Zealand should, over time, introduce a retirement savings scheme in which […]
Advisers lack ‘persuasive message’ around KiwiSaver
Advisers are ideally positioned to help tackle the looming retirement savings shortfall but are failing to convince KiwiSavers of the value of advice, says Mercer NZ head Martin Lewington. “I don’t think financial advisers are getting out there and having a persuasive message to KiwiSavers,” he said. “Some media [reports] over the weekend said they’re […]
Labour eyes locking KiwiSaver funds in NZ
Labour has floated the idea of forcing KiwiSavers to keep their money in New Zealand, as well as making the scheme compulsory. Labour’s finance spokesman David Parker raised the possibility of preventing KiwiSaver funds being moved overseas in an interview on TV3 programme The Nation on the weekend. He mentioned it as an option, while […]