Women are 10% more likely than men to switch KiwiSaver providers if their funds are invested in industries they do not support, a new survey shows. The research from Mercer found that nearly 75% of members said access to responsible investment was an important feature of the scheme. “Investment performance is top of mind for […]
Category Archives: KiwiSaver News
Adviser calls to ditch default schemes
New Zealand may not need KiwiSaver default schemes at all, one adviser says. The Government is working through the process of appointing default providers for the next term. There are nine default KiwiSaver providers, and their terms of appointment expire on June 30. About 715,000 people are in default funds and more than half have […]
Treasury, MBIE mull options for KiwiSaver default scheme
Treasury wanted a reallocation of KiwiSaver default members so that each default scheme had a similar number of members, a regulatory impact statement shows. The Government is working through tappointing KiwiSaver default providers for the next term, which starts next year, through a tender process. At the moment, there are just under 690,000 people in […]
‘Retirees’ stick with KiwiSaver, AMP says
More people over the pension age are choosing to keep their KiwiSaver funds active, AMP Wealth Management says. “We’re seeing fewer KiwiSaver clients withdrawing all their funds when they reach retirement age,” chief executive Blair Vernon said. “In fact, nearly 7% less than this time last year, representing about $4 million in KiwiSaver investments.” Vernon […]