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Fisher fades as Mercer mounts late retail run in 2016

24 Apr 17 - InvestmentNewsNZ: Mercer struck form in the December quarter after growing NZ retail funds under management (FUM) by almost 11 per cent, more than double the rate of its nearest competitor, new data from Australian research firm Strategic Insight (SI) shows.

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Growing divide in risk profile hits KiwiSaver returns, MJW survey

24 Apr 17 - InvestmentNewsNZ: Divergent asset allocations have come to the fore again in the KiwiSaver market with Milford Asset Management producing stand-out results – at both ends of the scale, the latest Melville Jessup Weaver (MJW) quarterly investment survey shows.

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Simplicity cuts global credit on ESG concerns

24 Apr 17 - InvestmentNewsNZ: Fund disrupter firm, Simplicity, has sold down its global credit investments due to a lack of suitably-priced screened options.

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FMA launches consultation on KiwiSaver fees methodology

12 Apr 17 - The FMA is consulting on how those fees should be calculated and disclosed. Deadline for submissions is 5 May 2017.

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ANZ keen to keep KiwiSaver business

10 Apr 17 - Interest.co.nz: When the ANZ Banking Group gets around to "considering" the future of its New Zealand wealth unit, one thing it won't be doing is selling its KiwiSaver business, CEO Shayne Elliott says.

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ASB steps up KiwiSaver advice

7 Apr 17 - NZ Herald: ASB says a change in the way the regulator views personalised financial advice has opened the door for it to provide more KiwiSaver advice.

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Cullen concerned over perpetual saving 'holidays'

7 Apr 17 - Stuff.co.nz: Cullen, who as Labour finance minister launched KiwiSaver in 2007, now calls the holiday rule a "kink" in the design of KiwiSaver.

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One in seven Kiwis should be in financial 'intensive care', says Commission for Financial Capability

3 Apr 17 - Stuff.co.nz: The government's money education agency says 14 per cent of Kiwis should be sent straight to financial "intensive care".

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Anger at Superlife's KiwiSaver $100 'transfer' fee

31 Mar 17 - Stuff.co.nz: Sam Arora is taking a stand over his KiwiSaver provider's decision to charge him $100 to leave. Arora has his money invested with KiwiSaver provider SuperLife, but is considering shifting to rival provider Simplicity.

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Growing KiwiSaver balances mean people can't put off writing a Will

29 Mar 17 - Stuff.co.nz: Growing KiwiSaver balances could spell trouble for New Zealanders who do not have a will.It is estimated that more than half of all New Zealanders over the age of 18 have not yet drafted one.

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Many Kiwis have no idea how much income they need to retire

29 Mar 17 - Stuff.co.nz: KiwiSaver provider Kiwi Wealth found something odd when developing online tools to help people work out how much to save to get the retirement they want.

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Four KiwiSaver schemes yet to ditch weapons investments

27 Mar 17 - Radio New Zealand: Some KiwiSaver funds are still investing in banned weapons despite making promises to get rid of the holdings.

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BNZ adopts ethical screen on investments

24 Mar 17 - Goodreturns: BNZ has announced it will drop its investments in companies involved in the production of cluster munitions, anti-personnel mines, nuclear weapons and tobacco or tobacco products.

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Govt tells KiwiSaver providers to act quickly on weapons' investments

24 Mar 17 - NZ Herald: The government won't put a deadline on when it expects KiwiSaver providers to exit investments in banned weapons' makers instead insisting they should act as "quickly as possible."

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Super storm

22 Mar 17 - Otago Daily Times magazine: Squabbling about the retirement age is bailing out the dinghy as a tornado approaches. Bruce Munro looks at the perfect storm brewing on the horizon and asks whether we even know in which direction to row.

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Kiwisaver: Some frequently asked questions

22 Mar 17 - NZ Herald:  This is the third and final instalment in a series of articles looking at the important assumptions and decisions one needs to make when forecasting what nest-egg one might achieve with a long-term investment plan using a KiwiSaver scheme.

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Generate closes in on $400m, hires portfolio manager

20 Mar 17 - InvestmentNewsNZ: Auckland-headquartered boutique KiwiSaver scheme, Generate, has upsized its investment team with the appointment of Edward Glennie as senior portfolio manager.

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KiwiSaver growth up despite investment loss

20 Mar 17 - InvestmentNewsNZ: KiwiSaver funds under management (FUM) broke through the $38 billion level in the December quarter, fueled entirely by member contributions, according to the latest data from Australian research house Strategic Insight (SI).

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Brian Fallow probes National, Labour & NZ First's stances on superannuation

20 Mar 17 - Interest.co.nz: Brian Fallow probes National, Labour & NZ First's stances on superannuation and argues they are too relaxed about the snowballing costs. 

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Liam Dann: Give the baby boomers a break

15 Mar 17 - Baby boomer bashing is here again after the move to raise the superannuation age. Some young people are angry about the 20-year delay in lifting the age limit to 67. It's true baby boomers won't have to deal with the changes.

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Providers go on KiwiSaver guidance green light

13 Mar 17 - InvestmentNewsNZ: Several providers have already relaxed constraints on staff for giving KiwiSaver advice following the release of the regulator’s new guidance note last week, according to Liam Mason, Financial Market Authority (FMA) director regulation.

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KiwiSaver fees: You don't get what you pay for

13 Mar 17 - Stuff.co.nz: KiwiSaver members are being told to forget "you get what you pay for" - higher-fund fees do not deliver better returns. Research organisation Morningstar this month gave ASB its KiwiSaver prize in the Fund Manager of the Year awards.

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FMA criticised for compromising quality

10 Mar 17 - Interest.co.nz: The Financial Markets Authority (FMA) is being accused of bowing to banks’ interests as it attempts to give more people access to KiwiSaver advice.

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NZ Super news this week

10 Mar 17 - A roundup of the week's NZ Super news following the government's move to raise the retirement age to 67.  Find out what the media is saying. 

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Your working life is two years longer

8 Mar 17 - Stuff.co.nz: Tauranga mum Maxine Paterson will be part of the first cohort of New Zealanders who will become eligible for her superannuation after the age of 65, under Prime Minister Bill English's plan revealed on Monday.

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Barriers removed to end KiwiSaver advice drought

8 Mar 17 - Stuff.co.nz: The FMA has released its updated guidance on sales and advice for KiwiSaver providers, which it hopes will give banks and other KiwiSaver providers the confidence to end a national KiwiSaver advice drought.

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Super age lift not enough: experts

6 Mar 17 - NZ Herald: Means-testing and later eligibility for new residents among suggested changes Government should consider, writes NZ Herald political reporter Isaac Davison. 

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Low-cost model better for advisers: Simplicity

6 Mar 17 - Goodreturns: Fund managers charging high fees for their products have kept a lid on what advisers can earn, Simplicity’s managing director said as the provider launched its first non-KiwiSaver funds.

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Women fall further behind in retirement savings race

3 Mar 17 - Stuff: Wanganui woman Rebecca Black is worried about what time out of the workforce is doing to her retirement savings. She and her husband recently tapped into their KiwiSaver accounts to buy a first house.

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Harbour Asset Management named top fund manager of the year

3 Mar 17 - NBR: Independent fund research company Morningstar says Harbour is one of the best stewards of New Zealand investors’ money. It was also a finalist in the domestic equities and fixed interest categories.

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Social impact bonds will one day be in your KiwiSaver

27 Feb 17 - Stuff.co.nz: The launch of the mental health social bond this week marked the birth of a new investment asset class in New Zealand which could one day appear in your KiwiSaver.

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Cullen says it's time KiwiSaver fees fell

27 Feb 17 - Stuff.co.nz: KiwiSaver founder Sir Michael Cullen says it's time for fees to drop. "There is certainly space for KiwiSaver fees to start coming down now that so many of the funds have bulked up substantially," the former deputy prime minister said.

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Cullen calls for annuities

22 Feb 17 - Goodreturns: Former deputy prime minister and finance minister Sir Michael Cullen says the need for an annuity provider to help KiwiSaver members manage their lump sums on retirement is another sign of the scheme’s success.

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Vanguard: 'actively management funds can achieve higher returns'

20 Feb 17 - Interest.co.nz; Vanguard's Dan Newhall makes the case that with the right criteria, investors in actively managed funds can achieve higher returns than market benchmarks.

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Sorted's babybot takes on KiwiSaver

17 Feb 17 - Scoop press release: It’s alive! Artificial intelligence is taking over conversations about KiwiSaver with the launch of a new chatbot.

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The new retirement: work until you drop

13 Feb 17 - NZ Herald: The retirement ideal has undergone more facelifts than an ageing baby boomer. Not so long ago, you might work to 65 and collect a gold watch then enjoy grandkids, a bit of travel and a healthy superannuation.

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Morningstar KiwiSaver survey Dec 2016

8 Feb 17 - Volatility returned to markets in the final quarter of 2016, following the results from the US election. Fixed income markets, listed property, and New Zealand shares all produced negative results, while global equities was one of the few asset classes to shine. As a result, the more defensive KiwiSaver funds posted negative returns, while growth-oriented options were mostly positive.

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MJW's December investment survey released

3 Feb 17 - Melville Jessup Weaver has released its December 2016 Investment Survey. New entrant Simplicity KiwiSaver's growth fund was ranked third amongst 16 funds.

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KiwiSavers face double tax sting

25 Jan 17 - KiwiSavers could be missing out on higher returns because of the tax impact of their providers' offshore structures, a report says.

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The Kiwi Trump factor

23 Jan 17 - NZ Herald: Kiwis are bracing for aftershocks since the mercurial Donald Trump rocked into the White House yesterday. Now the world's most famous Twitter ranter is finally in office, what will it mean for your back pocket? Russell Blackstock asks the experts.

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Economics of caring paper released

4 Jan 17 - ​The Retirement Policy and Research Centre has published a Working Paper by Claire Dale and Susan St John on ‘Ageing and the economics of caring’.

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Maxwell: future funding of super

30 Dec 16 - ​Diane Maxwell: The cost of NZ Super is growing faster than GDP. With an optimistic lens we can say that Super will remain low as a proportion of GDP, but the argument ignores the other government costs that will increase, including health and aged care. Stuff.co.nz.

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Sheather on fees versus returns

23 Dec 16 - Brent Sheather in the NZ Herald: "(The FMA) consistentlys ignore the fact that investors in share funds should expect the return of a share fund however, due to the impact of annual fees their return in the long run will approximate that of a bond fund."

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Sam Stubbs on 2016

19 Dec 16 - Sam Stubbs: "Finally, after the shitter that was 2016, some good news: For NZ investors and KiwiSavers, things have seldom looked better." TheSpinoff.co.nz.

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Russell Investments goes cluster-free

19 Dec 16 - Russell Investments has joined the growing band of managers to specifically exclude controversial weapons manufacturers from its investment universe. InvestmentNewsNZ.

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"Make immigrants wait for super"

19 Dec 16 - Diane Maxwell: ​People should have 25 years as an "ordinary resident" in New Zealand after the age of 20 before they qualify for NZ Super, though they would qualify for emergency benefits if they fell on hard times before that. Stuff.co.nz.

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Eaqub: the coming war of ages

19 Dec 16 - Are we marching towards an inevitable war between generations? The young feel hard done by; unlikely to achieve what their parents did. Stuff.co.nz

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Goldsmith swallows banks' argument

16 Dec 16 - ​Goldsmith takes pity on banks for having to invest $1 million on IT upgrades needed to disclose KiwiSaver members' fees in dollar terms. Interest.co.nz.

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Opinion: NZ Super long term future

16 Dec 16 - These days many seem to believe NZ Super is a millstone around taxpayers' neck, or a luxury we can't afford. It's neither. It's a marvel. Stuff.co.nz.

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Call to raise NZ Super age

16 Dec 16 - The Commission for Financial Capability has called on the Government to make sweeping changes to the eligibility criteria for NZ Super in the second phase of its 2016 Review of Retirement Income Policies. Goodreturns.co.nz.

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About us

The Financial Services Council (FSC) represents investment and life insurance companies in New Zealand.

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Services

Contact us

Ph: +64 09 985 5762

Email: fsc@fsc.org.nz

Level 33, ANZ Centre,
23-29 Albert Street, Auckland 1010

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