Many New Zealanders have the mistaken belief that once they get to 65, they have to pull their money out of KiwiSaver, AMP New Zealand’s general manager of investments and insurance, Therese Singleton, says. She said leaving money in KiwiSaver through a retiree’s decumulation phase offered more freedom and potentially better returns than term deposits. […]
Category Archives: KiwiSaver News
ANZ calls for action on women’s savings
ANZ is calling on other employers to do their bit to help women achieve better outcomes through KiwiSaver. The bank announced yesterday that it would continue to pay employer contributions to its employees’ KiwiSaver accounts while they are off work on parental leave. ANZ general manager of human resources Felicity Evans said the move was […]
Silver ratings for AMP KiwiSaver
Morningstar has given silver ratings to a range of AMP KiwiSaver funds. It awarded the rating to its aggressive, growth, moderate balanced, moderate, conservative and balanced funds. It is the second year AMP KiwiSaver funds have received silver ratings. Bronze, silver and gold ratings indicate the level of conviction Morningstar has in recommending a fund. […]
KiwiSaver members told: Don’t get spooked
Advisers whose clients are worried about the possibility of a market correction should encourage them to stick with the KiwiSaver fund they are in, new research shows. Actuarial firm MJW has released a report looking at the impact of a market correction on KiwiSaver funds. It says booming stock markets over recent years have sparked […]