There would be no implicit Government guarantee with a public KiwiSaver fund, the Green Party says. “Our proposal to offer a public KiwiSaver fund to lower costs and fees does not come with any Government guarantee,” Green Party Co-leader Russel Norman said. “If any KiwiSaver provider went broke, the Government may have to respond as […]
Category Archives: KiwiSaver News
KiwiSaver not too big for sharemarket (yet)
Fears that KiwiSaver could swamp New Zealand’s small stock market are a long way from being realised, according to new research on the sector. Morningstar’s Sector Wrap, which shows Australian-invested funds didn’t have a great year, also shows that, while it is growing fast, KiwiSaver is far from being big enough to cause pricing distortions […]
Bubbles could attract KiwiSaver fly-by-nighters
Market bubbles caused by low interest rates could see speculative KiwiSaver schemes set up to lure unwary investors, Tower Investments chief executive Sam Stubbs warns. At the Tower Investments quarterly media briefing today, Stubbs said governments were engaging in “financial repression” by keeping interest rates artificially low. While this tactic gave the governments more “headroom” […]
Budget changes hit KiwiSaver’s appeal
Term deposits and rental property remain the investment of choice for the majority of Kiwi’s, while Budget changes have dented KiwiSaver’s popularity, according to the latest ASB Investor Confidence Survey. kiwiSaver fell from 12% to 9% as the investment offering the best return, ranked behind term deposits, rental property and bank savings. “The changes to […]