Search Results for: kiwisaver

Direct-to-consumer fund platform, InvestNow, plans to roll out a KiwiSaver scheme in the next financial year joining a slew of new providers on the scene. The platform, owned by Wellington-based Implemented Investment Solutions (IIS), would offer … [Read more...] about KiwiSaver now: fund platform confirms scheme plans

Home-grown investment boutiques Milford Asset Management and Booster are both rapidly closing in on Mercer in the KiwiSaver funds under management (FUM) race, according to the latest data from Australian research house Plan for Life (PFL). The PFL … [Read more...] about Solid September quarter boosts local KiwiSaver boutiques

KiwiSaver officially breached the 3 million-member mark in November, Inland Revenue Department (IRD) figures confirm. The IRD statistics show KiwiSaver membership grew by a net 7,040 in November, tipping the quasi-compulsory savings regime just … [Read more...] about Membership tops 3m as KiwiSaver repopulates

KiwiSaver membership is on track to top the 3 million mark this month after falling just 1,500 shy of the watershed figure as at the end of October, according to the latest Inland Revenue Department (IRD) statistics. Over the last year, KiwiSaver … [Read more...] about KiwiSaver membership to hit 3 million in November

NZ Funds has cut-and-pasted its KiwiSaver offering to create a new unlocked product suite. The NZ Funds WealthBuilder range is an exact replica of the Auckland boutique’s KiwiSaver products “down to the last basis point of fees”, according to … [Read more...] about Mirror-image products see NZ Funds unlock KiwiSaver

NZ has nudged up slightly in the latest Melbourne Mercer Global Pension Index (MGPI) released today but the country’s retirement system remains hamstrung by “sustainability” issues, according local chief, Martin Lewington. The 11th edition of the … [Read more...] about Mercer keeps NZ in retirement B-class; calls for KiwiSaver home restraint

Start-up KiwiSaver firm Kōura Wealth has taken aim at a recent Kiwi Invest paper extolling the virtues of active management. In an ‘open letter to NZ’s active fund managers’, Kōura founder, Rupert Carlyon, disputes the Kiwi Invest findings that … [Read more...] about KiwiSaver provider rips into anti-passive paper

The Financial Markets Authority (FMA) has no plans to set KiwiSaver fee levels or dig in the margins as it embarks on a sector-wide value-for-money investigation, according to regulation director, Liam Mason. Instead, the FMA has expects to hold a … [Read more...] about FMA plans to talk down KiwiSaver fees

ASB has entered the impact investing game with a new fund available via its KiwiSaver and retail product suite. The ASB Positive Impact Fund (PIF), which officially launched in July, invests in international equities and global fixed income … [Read more...] about ASB puts impact investing on KiwiSaver menu

Milford Asset Management has made further tweaks to its fast-growing KiwiSaver scheme, dropping the annual administration fee for members at opposite ends of the age range and launching a new high-growth investment option. Murray Harris, who moved … [Read more...] about Age-based fee relief, new aggressive fund for Milford KiwiSaver

Another new KiwiSaver provider is poised to enter the market in a joint venture between Hobson Wealth and former KPMG consultant, Rupert Carlyon. It is understood that the Kōura Wealth scheme, once launched, would have a robo-advice-like front-end … [Read more...] about Fresh boutique KiwiSaver scheme floats into view

All KiwiSaver providers will have to cut transfer times by more than two-thirds under new legislation just referred to select committee. Among other items, the Taxation (KiwiSaver, Student Loans and Remedial Matters) Bill would require all schemes … [Read more...] about Faster KiwiSaver Bill!

A string of financial firms have featured in the latest batch of complaints lodged with the Advertising Standards Authority (ASA) in the wake of a successful action against AMP in April. In April this year, the ASA upheld a complaint – by Hayley … [Read more...] about God, dog, nudes and KiwiSaver: best finance ad complaints

Another KiwiSaver provider is set to launch with sustainability-focused Auckland boutique manager Pathfinder throwing its hat in the ring. According to its recently-released statement of investment policy and objectives (SIPO), the ‘CareSaver’ … [Read more...] about New KiwiSaver scheme targets ESG investors

Fund administrators are poised for a huge influx of form-filling in the wake of last week’s prescribed investor rate (PIR) sweep by the Inland Revenue Department (IRD). Ryan Bessemer, Trustees Executors (TE) chief, said the IRD PIR shock, which … [Read more...] about Admin firms brace for PIR wave, KiwiSaver income calculation

Over half of the 200 or so KiwiSaver funds remained under water as at the end of March despite a strong bounce in markets during the first quarter of 2019, according to research from financial product comparison website, Pocketwise. Binu Paul, … [Read more...] about KiwiSaver recovery not complete but up $4.5bn in March

KiwiSaver funds under management (FUM) verged on $60 billion as at the end of March this year, new figures from the Financial Services Council (FSC) have revealed. The FSC KiwiSaver numbers – based on a survey by its twin organisation, Workplace … [Read more...] about Bumper March quarter pushes KiwiSaver close to $60bn

KiwiSaver will be the cornerstone asset for many New Zealanders as the first rung on the property ladder inches ever higher, according to Joe Bishop, Kiwi Wealth head of retail. Bishop said a new Kiwi Wealth investment survey due out tomorrow … [Read more...] about Why KiwiSaver could beat property for next-gen investors

The government could subject a wide range of financial institutions including KiwiSaver providers to proposed conduct regulations that emerged last week in response to recent bank and life insurer investigations. An options paper released by the … [Read more...] about Government moots extending bank/insurer conduct rules to KiwiSaver, DIMS et al