KiwiSaver members will now see their projected savings for retirement and the likely weekly income it will provide on their annual statements, Commerce and Consumer Affairs Minister Kris Faafoi says. “By making this information easily available New Zealanders will be able to see whether they are on track for the kind of retirement they want […]
Category Archives: KiwiSaver News
NZers admit they should be saving more
Research showing many New Zealanders are not on track for retirement proves the need for advisers, ASB says. Almost half of New Zealanders responding to the latest ASB KiwiSaver Survey thought they should be saving more than 10% of their income to fund their retirements but only 22% were doing so. ASB head of KiwiSaver […]
KiwiSaver assets near $60b
New data from the Financial Services Council shows New Zealanders now have nearly $60 million in their KiwiSaver accounts. The FSC said the total pool was now $58.53b, up $1.26b over the last quarter and 16.5 per cent in a year. “The growth of the KiwiSaver pie is very encouraging news for New Zealanders, as […]
Investors deserve clearer insights
The risk with risk indicators It is disappointing that a decade after the global financial crisis, New Zealanders continue to remain vulnerable because of the rules around risk indicators. This is especially the case for bond investors, who are often conservative in nature and consider fixed interest a safe haven in times of volatility. Unfortunately, after a decade of low interest rates, bond […]