If the Financial Markets Authority's KiwiSaver Tracker was designed to make investors wary of higher-fee funds, it is not achieving its goal, one fund manager says. The FMA has updated its KiwiSaver tracker, which shows fees as a percentage of funds' five-year average return. Aggressive funds ranged from Mercer High Growth's 7.9% of return paid […]
Category Archives: KiwiSaver News
Knowledge still lacking on KiwiSaver
New Zealanders still have a lot of unanswered questions about KiwiSaver, a new survey shows. The latest ASB KiwiSaver survey shows that 63% of respondents said they needed to save more for retirement and 18% were unsure. But many did not know what was an appropriate amount to be aiming for. A full 17% of […]
Retirement decisions based on science not spin
KiwiSaver is rapidly proving as much of a bonanza for the marketing industry as it is for the wealth management industry Some providers are spending seven figures annually to promote their various investment propositions. And as one would expect, if you let the ad executives loose, the key messages are, well… “loose”. In addition to surveying clients to […]
SuperRatings ranks KiwiSaver schemes
SuperRatings has released its top rated KiwiSaver schemes for 2019, and an analysis of the schemes that provide the highest value on a net benefit basis. Eight providers were awarded the platinum rating for 2019. ASB, Fisher Funds. Kiwi Wealth, Mercer, Milford, the NZ Defence Force KiwiSaver scheme, OneAnswer and Westpac received the rating. SuperRatings’ […]