Boutique KiwiSaver manager Generate has ticked over $200 million in funds under management. It grew by 3000 members in the last quarter – faster than some of the bank-owned schemes. Chief executive Henry Tongue said one of the key points of difference was that Generate advisers helped their clients understand KiwiSaver’s benefits and to find …
Category Archives: KiwiSaver News
Industry told: Make Kiwis care
Advisers need to get New Zealanders off “autopilot†when it comes to retirement savings, one commentator says. KPMG has released its second Funds Management Industry Update, which covers the strengths and weaknesses of the country’s funds management industry. John Kensington, KPMG’s Head of Financial Services, said the industry needed to adapt to the way customers …
Unfounded fears put people off KiwiSaver
New Zealanders with memories of financial crisis pain may be letting misinformation get in the way of retirement savings, a new survey shows. The Commission for Financial Capability has released the results of its survey of 2200 people, which asked why people joined KiwiSaver, or what put them off. The most common reason to enrol …
KiwiSaver withdrawals suggested to pay for advice
More than a third of New Zealanders would be willing to use money from their KiwiSaver accounts to pay for advice on what to do with it, ANZ research shows. An ANZ survey of 700 people found more Kiwis plan to leave their KiwiSaver savings where they are when they hit the pension age. Just …
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