KiwiSaver investors are suffering less of a “behaviour gap” in returns than investors in other New Zealand managed funds, new research from Morningstar shows. The research house is producing a new set of data that considers investor returns, as well as fund managers’ performance. This highlights the difference in what investors themselves receive as opposed […]
Category Archives: KiwiSaver News
Generate racks up $200m
Boutique KiwiSaver manager Generate has ticked over $200 million in funds under management. It grew by 3000 members in the last quarter – faster than some of the bank-owned schemes. Chief executive Henry Tongue said one of the key points of difference was that Generate advisers helped their clients understand KiwiSaver’s benefits and to find […]
Industry told: Make Kiwis care
Advisers need to get New Zealanders off “autopilot” when it comes to retirement savings, one commentator says. KPMG has released its second Funds Management Industry Update, which covers the strengths and weaknesses of the country’s funds management industry. John Kensington, KPMG’s Head of Financial Services, said the industry needed to adapt to the way customers […]
Unfounded fears put people off KiwiSaver
New Zealanders with memories of financial crisis pain may be letting misinformation get in the way of retirement savings, a new survey shows. The Commission for Financial Capability has released the results of its survey of 2200 people, which asked why people joined KiwiSaver, or what put them off. The most common reason to enrol […]