Financial advice offered to whole households or communities would have more of a lasting impact, new research suggests. Annie Zhang, a corporate finance senior analyst at KPMG and Massey University PhD student, analysed a database of one bank and four KiwiSaver providers’ members to determine what drives investor behaviour. Less than 20% of the investors […]
Category Archives: KiwiSaver News
Small Kiwi market a problem for KiwiSaver
Capacity constraints are a looming issue for the KiwiSaver market to contend with as it grows, research house Morningstar says. It has released its latest quarterly KiwiSaver survey, which showed healthy returns for investors across all providers and risk profiles. There was a direct correlation between allocation to growth assets and performance during the quarter. […]
KiwiSaver for first homes gets boost: ANZ
ANZ is reporting a surge in the number of customers wanting to use KiwiSaver to help buy their first home following the April 1 introduction of new regulations for KiwiSaver first-home withdrawals. ANZ Wealth managing director John Body said ANZ’s customer contact centre received more inquiries about KiwiSaver first-home withdrawals in the first week of […]
Bankrupt KiwiSaver accounts off-limits
KiwiSaver account-holders who go bankrupt will not have to hand over their retirement savings, a court has ruled. The Court of Appeal has decided that a bankrupt’s KiwiSaver account is off limits to the Official Assignee. The decision has a potentially wide impact – in January there were 5559 bankrupts with KiwiSaver accounts worth more […]