Michael Lang looks at KiwiSaver asset allocation and discusses the benefits of diversification. Over the last decade New Zealand shares outperformed global shares by 120%. New Zealand shares now trade at a premium to their global counterparts. Whether your KiwiSaver manager favours local shares over international ones has been an important determinant of historic relative performance, and if history is any guide, it is […]
Category Archives: KiwiSaver News
Generate: Advisers dealing with questions
KiwiSaver provider Generate is encouraging advisers to refer clients who are worried about its recent hack back to its website. It revealed last week that there had been illegitimate access to its systems. Data about 26,000 members, including their ID documents and passwords, was accessed. “We know that advisers are fielding questions from clients about […]
Life stages research shows big differences in outcomes
Lifestages funds are a better option for savers than default KiwiSaver funds, but they’re not all created equal, new research from MyFiduciary suggests. The research was commissioned by NZ Funds and reviewed the lifestages options available in New Zealand. Nine out of 22 KiwiSaver managers offer a lifestages option. These reduce the level of risk […]
FMA: Time to show what KiwiSaver members get for fees
KiwiSaver providers can expect pressure to show what value they're giving members, after an analysis prepared for the Financial Markets Authority showed they charge higher fees than comparable British funds. The report, produced by actuaries MJW, was included with this year's KiwiSaver report. It showed that New Zealand fees were higher than those of the […]