Advisers may have to wait longer than expected for a boom in demand from KiwiSavers looking for financial advice, new figures suggest. Inland Revenue’s sixth annual review of KiwiSaver shows that while investors are becoming more active in their choice of fund, most are still making the minimum required contribution. The report, for the 12 […]
Category Archives: KiwiSaver News
Lack of KiwiSaver advice will cure itself: Neilson
A lack of independent advice for people entering KiwiSaver is a problem but will come right over time, says the chief executive of the Financial Services Council. In its recently released annual review the FSC has reiterated its call for a more favourable tax treatment of savings investments. It said one of its priorities was […]
FMA reports on KiwiSaver
The value of assets invested in KiwiSaver has jumped 30% in the last year, but the Government is now chipping in a lot less. The FMA has released its KiwiSaver report for the year ended June 30. It said investment had passed $16.5 billion. The number of KiwiSaver members had also increased almost 10%, to […]
Reporting regime in effect
Information about KiwiSaver funds’ investments should be easier to access and understand from today. Under the new reporting regime, all providers must show on their website, in a standardised way, what fees are being charged and where money is invested. Although there has been scepticism about how much attention consumers will pay to that data, […]