Most New Zealanders are clueless about KiwiSaver fees and not much better informed about their funds’ performance, a new survey has shown. The survey was released by the Commission for Financial Capability and the Financial Markets Authority. It found fewer than half of the respondents knew even roughly what they were paying in fees and […]
Category Archives: KiwiSaver News
Generate rakes in new FUM
Adviser-distributed Generate KiwiSaver grew its funds under management by just over a quarter in the three months to the end of June, a new survey shows. Aon has released its KiwiSaver survey for the June quarter, which shows overall FUM increased by 4%, to $32.9 billion. But Generate was a standout performer, with a 28.4% […]
Call for KiwiSaver to follow Super Fund on ethical investing
New Zealand’s newest KiwiSaver provider is calling on the rest of the industry to adopt standard responsible investing protocols. KiwiSaver investments have been in the spotlight over recent days after a political outcry over revelations that some default funds are invested in companies making bombs and land mines. Sam Stubbs, of new KiwiSaver provider Simplicity, […]
KiwiSaver transfers from Australia still a drag
Some New Zealanders trying to transfer Australian superannuation funds back to this country are still facing difficulties, one adviser says. Trans-Tasman portability of superannuation funds has been possible since 2013. Funds can be transferred to KiwiSaver schemes. But Jeremy Hoskin, of Super-Advice, which helps with the process, said many people were still being left frustrated. […]