[UPDATED] Advisers have been “totally out-manoeuvred” by banks when it comes to KiwiSaver, an investment analyst says. Collin Nefdt, formerly of Morningstar and now operating research organisation NZ Trends, said the bank dominance in the KiwiSaver market had pushed financial advisers to the side. His latest research, for the third quarter of 2015, showed the […]
Category Archives: KiwiSaver News
Volatility prompts 500pc lift in switches
KiwiSaver clients who use financial advisers were less likely to react to last month’s market volatility, ANZ says. ANZ general manager of wealth products and marketing Ana-Marie Lockyer said the bank had noticed a significant increase in KiwiSaver members switching their accounts to more conservative investments. The rate of switches was up 500 per cent […]
KiwiSaver hits negative returns
KiwiSaver accounts took a hit for the first time in years in the September quarter, new Morningstar data shows. The research house has released its latest quarterly report on the retirement savings scheme. Conservative funds were the only positive performer, with an average return of 0.2% over the three months. The aggressive category performed the […]
KiwiSaver too passive
New Zealanders are being too passive about their potential KiwiSaver earnings, according to analysis released by KPMG. KPMG’s new Funds Industry Management Update, released today, includes several articles that highlight the strengths and gaps of our KiwiSaver scheme. Independent investment researcher, Morningstar, says there’s an unnecessarily high concentration of KiwiSaver investment within conservative funds – […]