How Kiwi women are missing out on $60,000 in retirement savings
There is a lot spoken about the gender pay gap. The gender pension gap, however, is actually much larger compared to the gender pay gap. In 2015, the average New Zealand woman would retire with $60,000 less than men in their KiwiSaver account, according to ANZ. The gap is widening, as in 2017 the average […]
AMP KiwiSaver scheme expecting a major fee reduction
AMP New Zealand Wealth Management (NZWM) announced on Tuesday that their KiwiSaver scheme will be switching from active to passive fund management. Rather than having active managers making investment decisions, it will be driven by computer algorithms to track indexes instead. Their 200,000+ members should be expecting a major fee reduction from this move.