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 […]
Category Archives: KiwiSaver News
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 […]
Stick with KiwiSaver past 65, AMP urges
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. […]