Smaller providers will have to differentiate themselves to stand out in a KiwiSaver market dominated by banks, an investment analyst says. Mark Weaver, of actuarial firm Meville Jessup Weaver Investments, said banks controlled 58.5% of the KiwiSaver market, not including ANZ’s OneAnswer scheme. There are 28 KiwiSaver providers, six of which are banks. He said […]
Category Archives: KiwiSaver News
Complaint about ‘ambush marketing’
FMA is assessing a complaint about Milford Asset Management’s marketing activities. Fisher Funds boss Carmel Fisher says she is disgusted at Milford’s tactic of “ambush marketing” – using the Fisher brand name in a Google AdWords marketing campaign. Milford is believed to have paid to have had the Fisher Funds brand name as one of […]
KiwiSaver gender gap widens
Women need to be encouraged to think about their retirement savings plans, and regularly check they are on track, ANZ’s general manager of wealth products says. Ana-Marie Lockyer said there were big challenges for women planning their retirements. “Women are coming from behind in saving for their retirement,” Lockyer said. “On average, women live longer […]
More KiwiSaver information needed: Boyle
Questions are being asked about whether KiwiSaver members are switching providers without understanding the consequences. In the last two months of 2014, more than 30,000 KiwiSaver members changed provider. On an annual basis, that increased from 126,000 in 2013 to 149,407 in 2014. Commission for Financial Capability group manager investor education David Boyle said he […]