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Major KiwiSaver shake-up: Who's in, who's out among default providers?

Major KiwiSaver shake-up: Who s in, who s out among default providers?
13 May, 2021 08:47 PM
5 minutes to read
The government has announced a major shake-up of the KiwiSaver default providers. Photo / File
The Government has announced a major shake-up in the KiwiSaver default provider appointments with five providers not being reappointed.
There are currently nine default providers but this shrinks to six providers under a new seven-year contract with the government.
People are allocated to a default KiwiSaver fund when they are automatically enrolled through starting a new job and don t choose their own fund.
The newly appointed providers are Bank of New Zealand, Booster, BT Funds Management (Westpac), Kiwi Wealth, Simplicity and Smartshares (NZX). ....

New Zealand , New Zealanders , David Clark , Consumer Affairs , Kiwi Wealth , Fisher Funds , Consumer Affairs Minister David Clark , புதியது ஜீலாந்து , டேவிட் கிளார்க் , நுகர்வோர் வாழ்க்கைத்தொழில்கள் , கிவி செல்வம் , மீனவர் நிதி , நுகர்வோர் வாழ்க்கைத்தொழில்கள் அமைச்சர் டேவிட் கிளார்க் ,

KiwiSaver returns pull back in March quarter

KiwiSaver returns pull back in March quarter
29 Apr, 2021 01:10 AM
3 minutes to read
Conservative KiwiSaver funds plunged into the red during the March quarter. Photo / 123RF
KiwiSaver returns have pulled back in the first three months of this year but the amount of money invested in the retirement savings scheme continued to grow, closing in on $79 billion.
Research from Morningstar shows most conservative funds plunged into the red during the March quarter after bond yields rose, resulting in capital losses for many bond investments.
Read More
Conservative funds typically have the highest percentage in bond investments.
The average return for conservative funds was negative 0.6 per cent with the worst performing fund - Simplicity s conservative fund - falling 2 per cent over the quarter. ....

New Zealand , Tim Murphy , Morningstar Asia Pacific , Russell Lifepoints , Aon Milford , Bloomberg Barclays Global Aggregate Index , Aon Russell Lifepoints , Aon Lifepoints Conserve , Milford Balanced , Milford Active Growth , Mo Ney , புதியது ஜீலாந்து , நேரம் மர்பி , காலை நட்சத்திரம் ஆசியா பெஸிஃபிக் , மில்ஃபோர்ட் செயலில் வளர்ச்சி ,

KiwiSaver members missing out on thousands by being in wrong fund

KiwiSaver members missing out on thousands by being in wrong fund
14 Apr, 2021 10:45 PM
4 minutes to read
Figuring out which KiwiSaver fund is right for you can be a minefield. Photo / File
KiwiSaver members are missing out on thousands of dollars by being in the wrong fund for them, research by a new digital advice service shows.
A $10,000 investment in 2013 in the top-performing growth fund
over the past seven years would be worth $21,719.
Read More
But the same investment in the bottom-performing conservative fund would be worth just $13,885.
Joe Taylor, founder of BetterSaver, said there were a lot of people sitting in conservative default funds because they had never made an active choice. ....

Joe Taylor , Fisher Funds , Milford Asset , ஓஹோ டெய்லர் , மீனவர் நிதி , மில்ஃபோர்ட் சொத்து ,

KiwiSaver fee changes won't happen until regulator acts, providers say

KiwiSaver fee changes won t happen until regulator acts, providers say
14 Apr, 2021 05:00 PM
5 minutes to read
Fund managers are under pressure to make sure their fees are offering value for money. Photo / File
Fund managers are under pressure to make sure their fees are offering value for money. Photo / File
There won t be any major shift in KiwiSaver fees until the regulator takes action against a provider, some KiwiSaver managers say.
On Wednesday regulator the Financial Markets Authority released fee guidance to fund managers and
their supervisors over fees amid concerns that KiwiSaver members are not getting good value for money. ....

New Zealand , New Zealanders , Richard Klipin , Sam Stubbs , Rupert Carlyon , Financial Markets Authority , Financial Services Council , Koura Wealth , Won T , புதியது ஜீலாந்து , சாம் ஸ்டப்ப்ஸ் , ரூபர்ட் கார்லியன் , நிதி சந்தைகள் அதிகாரம் , நிதி சேவைகள் சபை , வென்றது டி ,

KiwiSaver providers told to review fees annually by regulator

KiwiSaver providers told to review fees annually by regulator
13 Apr, 2021 05:00 PM
5 minutes to read
KiwiSaver fund managers have been told they should be undertaking an annual review of their fees. Photo / File
KiwiSaver fund managers have been told they should be undertaking an annual review of their fees. Photo / File
KiwiSaver providers have been told they must review their fees annually and prove they are providing value for money or face potential regulatory action.
The Financial Markets Authority has released guidance to fund managers and
their supervisors over fees amid concerns that KiwiSaver members are not getting good value for money. ....

New Zealand , New Zealanders , Paul Gregory , Financial Markets Authority , Mo Ney , புதியது ஜீலாந்து , பால் கிரெகொரி , நிதி சந்தைகள் அதிகாரம் ,