KiwiSaver may have played a key part in saving an ailing advice industry, claims one industry commentator. But another says it may give advisers false hope of big money in the future. Ten years on from the introduction of the scheme, most industry commentators said it had been a positive development for financial advisers. David […]
Category Archives: KiwiSaver News
KiwiSaver could better serve low-income earners: AMP
Financial advisers play an important role in helping people on lower incomes navigate retirement savings, AMP’s general manager in New Zealand says. Blair Vernon said KiwiSaver could be improved to better cater for those who were not high earners. He said he regularly spoke to people earning about $50,000 or less a year, who were […]
Stubbs on attack with fee calculator
Access to financial advice is a key KiwiSaver benefit that will help New Zealanders achieve the best possible retirement outcome, Booster’s joint chief executive says, as a new provider takes an aggressive swing at the big guys. New low-fee KiwiSaver provider Simplicity has launched a calculator on its website that is designed to allow members […]
KiwiSaver contribution decision a missed opportunity
The Government has missed a chance to improve New Zealanders’ retirement investment outcomes, Morningstar research shows. Morningstar has released a new report Mind the Gap, which shows the difference in individual investors’ outcomes compared to the asset class as a whole. It calculates fund returns using asset-weighted calculations as opposed to time-weighted returns and takes […]