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Book Now! Early bird registration for Navigating Change conference closes 30 June 2017

9 Jun 17 - Early bird registrations close on 30 June 2017 for the inaugural Financial Services Council and Workplace Savings NZ national conference. Navigating Change  7– 8 September 2017 Hilton Hotel, Auckland

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FMA announces methodology for KiwiSaver fee disclosure

9 Jun 17 - Financial Markets Authority: The Government has recently introduced regulations requiring KiwiSaver providers to disclose fees in dollars in members’ annual statements. The Financial Markets Authority (FMA) has been consulting on a methodology that will assist KiwiSaver providers to understand the requirements of those regulations.

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What Budget 2017 spending promises look like when adjusted for inflation and population growth; Defence, education, health, welfare and law & order to fall; Super costs to rise through 2021

26 May 17 - interest.co.nz: For all that talk of winners in this year's Budget, a deep dive into the numbers coupled with fundamental economic analysis paints a different picture. Those wanting to dig a bit further into the Budget numbers, here are some tools to see how 2017’s numbers compared to previous years, and what levels of spending we’re set to see over the next four.

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Budget 2017: More incentives for middle-class taxpayers needed

26 May 17 - NZ Herald: With the Government in a position of surplus it would be good to see some incentives introduced in this year's Budget, beyond the social investment being targeted in the announcements made to date, says local financial adviser Nick Stewart.

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Get Sorted: Why KiwiSaver balances go up... and down

17 May 17 - New Zealand Herald: Quick question: what's the difference between a savings account and a KiwiSaver account? Short answer: when you put money in, the first always goes up, but the other goes up and down. That's no small thing. ​​​​​​​

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Changes for investment companies offering shares to protect investors

17 May 17 - FMA: Investors will benefit from greater protection due to a change in the way the Financial Markets Authority (FMA) will treat certain companies offering shares. Under the Financial Markets Conduct Act 2013, the FMA is able to designate products based on their economic substance, rather than their legal form.

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KiwiSaver hits $40b, but balances stay low

17 May 17 - New Zealand Herald: Strong investment growth has boosted the value of KiwiSaver to over $40 billion but individual balances remain low for many despite the scheme running for nearly 10 years. Figures from Australian research firm Strategic Insight show total KiwiSaver funds hit $40.651 billion at the end of March, up from $38.416b as of December 31.

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FMA: KiwiSaver trial to target decision-making a decade out from retirement

11 May 17 - Financial Markets Authority: The FMA is working with ANZ to see if behavioural insights can prompt more ANZ KiwiSaver members to get retirement advice, or use retirement-planning tools when they hit 56 years old.

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Diana Clement: More to income protection than just ACC

11 May 17 - New Zealand Herald: Worth seeking advice from financial adviser who specialises in insurance.

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Brent Sheather: How to pick a stockmarket crash

26 Apr 17 - NZ Herald: Although you wouldn't know it over the last five years or so -- with the NZ sharemarket up 16 per cent per annum and world sharemarket up 12.4 per cent pa -- share investing involves risk, as there is always the chance that stockmarkets go down for an extended period before they go up again.

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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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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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Statistics New Zealand private super research released

21 Apr 17 - This article by Statistics New Zealand looks at private superannuation, one of the ways wealth is distributed in New Zealand.

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David Simmers: Less super for the rich?

19 Apr 17 - Stuff.co.nz: OPINION: The current debate about superannuation seems to focus solely on the age of eligibility. This is disappointing; the equally important question of how to limit the amount paid to those who do not need state assistance is largely ignored.

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Banks treat the New Zealand economy as just a housing market

17 Apr 17 - Interest.co.nz: Following the money shows how they really think. Our banks treat the New Zealand economy as just a housing market, with lending for the real economy a relatively smaller focus.

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Aussie retirees dip into super

17 Apr 17 - News.com.au: A growing number of retirees are dipping into their super savings to pay off debt or fund holidays.

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The mid-50s savings dash

10 Apr 17 - Stuff.co.nz: The mid to late-50s savings sprint is our chosen way to get a retirement nest egg. Survey data released by the Financial Markets Authority on Wednesday revealed confidence of a decent retirement was highest among people who sought retirement savings advice and information ten or more years before retirement.

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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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Get a grip on the uncertainties of retirement

7 Apr 17 - Stuff: " At some point in your life you will stop working. Hopefully, it will be at a time of your choice rather than through illness or lack of employment opportunities," writes Liz Koh. 

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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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Economist Bill Rosenberg runs the ruler over NZ Super cost predictions

5 Apr 17 - Interest.co.nz: Economist Bill Rosenberg runs the ruler over NZ Super cost predictions, and argues it's not as scary as we've been told; Calls for a proper debate on population policy.

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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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Synergy launches SRI portfolios

31 Mar 17 - Goodreturns: Synergy Investment Programme is launching four new model portfolios, with a focus on socially responsible investment.

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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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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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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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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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A guide to NZ Superannuation changes

8 Mar 17 - Stuff.co.nz: Superannuation has been reset. Prime Minister Bill English has announced that the age for state superannuation will rise up to 67 in gradual steps starting in 20 years time

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BNZ apologises for Tony Alexander's 'inflammatory remarks'

8 Mar 17 - Interest.co.nz: Anthony Healy tweets apology for Tony Alexander's 'inflammatory remarks' about the housing crisis, saying inter-generational debates aren't helpful. 

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Household wealth is shrinking

8 Mar 17 - Interest.co.nz: Kiwis' debt continues to dwarf household disposable income while household wealth is shrinking as a percentage of household income. 

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Bill English on generational comparison

8 Mar 17 - Interest.co.nz: Comparing circumstances faced by different generations is unhelpful during the current national superannuation debate, Prime Minister Bill English says.

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DTIs should be in RBNZ toolkit - IMF

8 Mar 17 - Goodreturns: Debt-to-income ratios (DTIs) and the redirection of tax incentives away from housing would help tackle the risks posed by New Zealand’s housing market, the IMF says.

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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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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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Morningstar's 5 Favorite Foreign-Stock ETFs

27 Feb 17 - Morningstar: "These are some of our favorite exchange-traded funds for investors seeking to add or augment their portfolio's international-stock exposure."

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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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Simply Wall St launches in New Zealand

22 Feb 17 - Scoop press release: Simply Wall St, a popular fintech startup aiming to replace human stock brokers, has announced it is launching its services in Canada and New Zealand, as addition to the currently covered markets of US, UK and Australia.

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Seniors to sue for stolen millions

8 Feb 17 - The New Zealand Seniors Party is organising a class action lawsuit to sue the Government for billions of dollars of what they say is "stolen" money from overseas pensions.

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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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Section 70 taken to task

1 Feb 17 - A Nelson retiree whose superannuation is docked because his wife receives an overseas pension is taking his grievance to the Human Rights Review Tribunal.

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Nigel Latta to bring primetime financial advice

25 Jan 17 - Kiwibank is taking financial advice mainstream in a new series called Mind Over Money with Nigel Latta, a fully funded series centred on the psychology of money. StopPress.

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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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Key events over the weekend

23 Jan 17 - Interest.co.nz: Demographia ranks NZ affordability; China currency regulations working; PBoC faces liquidity stress; Europe gets falling real estate values; ANZ Wealth on the block

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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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