Is regulated financial advice of value? In 1989, to keep me out of trouble, my parents sent me to school in Berlin. To their horror, shortly after I arrived, the Berlin Wall fell. One of my more vivid memories is of visiting my first East German supermarket with only one brand of anything on the shelf. One […]
Category Archives: KiwiSaver News
AMP says switching campaign paying off
KiwiSaver provider AMP says its latest marketing campaign has encouraged more than 100,000 customers in its default fund to make an active choice about their investments. The Is it Me campaign has reached 86% of its goal for AMP customer switches. “By switching our customers into a potentially higher returning fund, we can make their […]
Kiwi Wealth cuts fee
Kiwi Wealth is reducing its annual management fee for its conservative KiwiSaver fund from 1% to 0.83%. The move is one of several changes to Kiwi Wealth’s fee structure for its KiwiSaver cash, conservative, balanced and growth funds. The fee reductions will result in estimated cumulative savings of approximately $2.5 million per year for the […]
Advisers told: Pick your time, prove your value
Advisers can use new behavioural research to glean tips on how to drive new connections with clients and deepen existing ones, the Financial Markets Authority says. It has released the results of the second phase of its KiwiSaver trial, run in conjunction with the Ministry of Business, Innovation and Employment and ANZ. It focused on […]