A financial adviser is re-launching a KiwiSaver scheme in partnership with Forsyth Barr. Martin Hawes is chairman of the investment committee for Summer KiwiSaver. He said he wanted to grow the investment culture in New Zealand. He said New Zealanders could miss out on tens of thousands of dollars in retirement unless they became more […]
Category Archives: KiwiSaver News
Work to change fee disclosure
A working group has already begun to look at ways that KiwiSaver fees could be reported with more transparency. There has been criticism raised over many providers’ habit of displaying fees as a percentage or basis point calculation, rather than a dollar amount. CFFC group manager of investor capability David Boyle said there was clear […]
Simplicity open for business
New low-fee KiwiSaver provider Simplicity has started accepting enrolments. “The platform has been thoroughly tested, and has passed with flying colours. It’s now fully functioning, industrial strength and ready to make Kiwis richer in retirement,” said managing director Sam Stubbs. He said customer demand had been strong. “We’ve already reached our 12 month targets. Thousands […]
KiwiSaver puts squeeze on
Flows of KiwiSaver money into New Zealand equities are putting pressure on the market and could make it hard for managers to cash out if they want to, it has been claimed. Sam Faulkner, of Russell Investments, has written a report looking at the rapid growth of KiwiSaver assets and their effect on the New […]