FMA wants New Zealanders to give their KiwiSaver accounts an online health check as part of Money Week. It is directing consumers to its website, where it asks whether they know who their provider is, what type of fund they were in, whether their KiwiSaver account is on the right tax rate, how much they […]
Category Archives: KiwiSaver News
FSC: KiwiSaver delivering for middle NZ
A decision to remove the $1000 incentive for new KiwiSaver members was made on the basis of inaccurate information, the Financial Services Council says. This year’s Budget axed the kickstart, on the basis of a Treasury report that said the scheme offered the Government little value for money. In response, the FSC has commissioned its […]
Retirement planning has to start somewhere: FMA
It is difficult for people nearing retirement to get access to the financial advice they need, it has been argued. Simone Robbers, the Financial Markets Authority’s director of primary markets and investor resources, and David Boyle, group manager for investor education at the Commission for Financial Capability, fronted media yesterday at a press conference to […]
Mercer given bronze rating
Morningstar has given bronze ratings to Mercer’s KiwiSaver schemes. Bronze, silver or gold ratings are used to indicate Morningstar’s level of conviction in its recommendation of funds. The research house said the insights of a global team of investment professionals and extensive diversification at the asset and fund level were characteristics that make Mercer KiwiSaver […]