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KiwiSaver

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One in three Kiwis have no money plan for retirement

28 Apr 17 - NZ Herald: Young people were the least likely to have a money plan, but even among older people, only 41 per cent knew how much they would need for retirement.

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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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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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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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Anglican scheme looks for ethical uplift

10 Apr 17 - InvestmentNewsNZ: The rising demand for socially responsible investment (SRI) options has sparked renewed interest in niche ‘ethical’ funds, according to Anglican Pension Board general manager, Mark Wilcox.

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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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KiwiSaver transfer lags a concern

22 Mar 17 - Goodreturns: There are calls to streamline the process of transfers between KiwiSaver schemes, to reduce the burden on providers and members.Binu Paul, founder of SavvyKiwi, said there were problems with the current situation.

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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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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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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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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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Financial Markets Authority publishes first Conduct Outcomes Report

22 Feb 17 - The FMA's Conduct Outcomes Report 2016 highlights the key issues and actions from the FMA’s enforcement, supervision and preventative activities for the financial year July 2015 to June 2016.

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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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NZX open to third-party distribution deals to fuel KiwiSaver, ETF growth

20 Feb 17 - InvestmentNewsNZ: The NZX would consider partnering with other entities – including advisory groups – to market its SuperLife KiwiSaver scheme, according to the group’s interim chief, Mark Peterson.

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FSC Breakfast Leadership series 2017

17 Feb 17 - Women in Super, in association with Workplace Savings and the Financial Services Council, are delighted to bring you the first event of our 2017 Breakfast Leadership Series.

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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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Cullen joins Retirement Income Group board

15 Feb 17 - Stuff.co.nz: KiwiSaver architect Sir Michael Cullen has joined the board of variable annuity company Retirement Income Group.

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Fund manager finalists named

15 Feb 17 - 2016 was a good year for New Zealand fund managers, Morningstar’s director of research ratings says, as the research house releases its finalists for its Fund Manager of the Year awards.

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Crack down on snail-paced KiwiSaver transfer times

13 Feb 17 - Stuff.co.nz: It's time to crack down on super-slow KiwiSaver scheme transfers, says Sam Stubbs, founder of the Simplicity KiwiSaver scheme.Stubbs says 16 in every 100 people who have switched to its scheme from a rival KiwiSaver scheme have had to wait 20 or more days for their money to be transferred over.

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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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The Wisdom and Madness of Crowds

8 Feb 17 - Crowd wisdom is often cited as the justification for the idea of efficient asset markets -- many investors, each weighing in with their buying and selling decisions, should combine to produce the optimal forecast of what a stock or a bond is really worth.

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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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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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FMA's new guide to good conduct

3 Feb 17 - The FMA has publised the final version of the guide into its view of conduct along with published submissions from the industry.

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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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An expert's guide to Trumponomics

25 Jan 17 - The Economist: A leading economist has issued stark warnings about the Trump era and its impact on the American and global economy. 

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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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Super expensive NZ Super questions

25 Jan 17 - Radio New Zealand: Politicians need to explain how superannuation will continue to be funded when costs are expected to triple in 20 years to $90 million a day, the Retirement Commissioner says.

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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: 021 0233  5414

Email: fsc@fsc.org.nz

PO Box 99581 Newmarket
 Auckland

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