Digital financial adviser National Capital has hit $100 million in KiwiSaver funds under advice. National Capital founder Clive Fernandes says with the KiwiSaver total approaching the $100 billion mark ($971 billion in Q1 according to the Reserve Bank), a huge proportion of New Zealanders are still not getting any advice on their KiwiSaver accounts. He […]
Category Archives: KiwiSaver News
Generate puts $20m into new Icehouse Ventures fund
Generate KiwiSaver has committed $20m to Icehouse Ventures’ Growth Fund II, a $100m venture capital fund to 20 established New Zealand technology companies to expand in global markets. Generate chief investment officer Sam Goldwater says, Generate was attracted by the unique deal flow and insights of Growth Fund II as a result of Icehouse Ventures’ […]
A good quarter for KiwiSaver
Rebounding share markets in the March quarter helped all the multi-sector KiwiSaver funds produce positive returns. Rebounding share markets in the March quarter helped all the multi-sector KiwiSaver funds produce positive returns and total KiwiSaver assets rose 6.2%, or by $5.4 billion, to $91.9 billion compared with the December quarter, according to Morningstar's latest survey. […]
Employers including KiwiSaver as part of pay packets instead of on top
New research has revealed the prevalence of employers including KiwiSaver contributions as part of their employees’ total remuneration rather than on top of their earnings. The Retirement Commission surveyed more than 300 small, medium, and large organisations about the use of a total remuneration approach to KiwiSaver, finding that 45% use the model for at […]