Investment Scam Alert: What Every Kiwi Needs to Know
Recently, the Financial Markets Authority (FMA) has warned of a surge in impersonator investment scams.
KiwiSaver Contribution Boost: What the 3.5–4% Increase Means for You
Budget 2025: Key changes to KiwiSaver you should know
The Government has announced a number of changes to the KiwiSaver Scheme as part of Budget 2025 on 25 May 2025. There are quite and few changes and it is likely to affect members differently depending on their circumstances.
How Trump’s New Tariffs Could Affect Your KiwiSaver
On 3rd April, the US President Trump announced new trade tariffs. This included a ‘universal baseline’ tariff of 10% imposed on imports from all countries, including New Zealand, as well as additional ‘reciprocal’ tariffs on imports from around 60 countries with which the US has significant trade deficits. These ‘reciprocal’ tariffs are intended to match […]
It’s time for your annual KiwiSaver Health Check
It’s time for your annual KiwiSaver HealthCheck The Financial Markets Authority (FMA) released a statement in June 2024 reminding Kiwis that now is a good time for your annual KiwiSaver Health Check. The announcement aligns with the time when you receive your Annual KiwiSaver Statement. Thus, a great opportunity to analyse your returns on investment […]
Balancing Your KiwiSaver: Mixing Ethics with Smart Money Moves
Balancing Your KiwiSaver: Mixing Ethics with Smart Money Move Big news in the KiwiSaver world! Companies managing KiwiSaver funds are making some changes in how they invest. They’re cutting ties with companies that don’t meet ethical standards, according to Mindful Money, an ethical rating site. This shift is the biggest we’ve seen in the last […]
Baby Boomers Tapping into KiwiSaver Savings: Implications and Trends
Baby Boomers Tapping into KiwiSaver Savings: Implications and Trends The KiwiSaver program is a vital component of New Zealand’s retirement savings landscape. Established in 2007, it is designed to encourage New Zealand citizens to save for retirement by providing various incentives and investment options. In recent years, there has been a significant and surprising trend […]
ASB Bank Launches New Aggressive KiwiSaver Fund to Meet Growing Investor Demand
ASB Bank has introduced a new aggressive KiwiSaver fund, the ASB KiwiSaver Scheme Aggressive Fund. This fund is designed to provide customers with the potential for the highest long-term investment returns among ASB’s offerings, with a significant emphasis on growth assets. Adam Boyd, ASB’s Executive General Manager of Personal Banking, highlighted the increasing customer demand […]
The Rise In KiwiSaver Withdrawals and Suspensions
The rise in KiwiSaver withdrawals and suspensions KiwiSaver is a widely adopted retirement savings scheme in New Zealand designed to help individuals save for retirement. The government established this individual savings scheme to provide financial support for retirement, funded by KiwiSaver participants, contributions from employers and the New Zealand government. To encourage KiwiSaver participation, the […]
NZ Super Fund ‘Assets Under Management’ Reach A Record High – 202
The New Zealand Superannuation Fund (NZ Super Fund) recently achieved an unassuming yet remarkable milestone, with assets under management now totalling $65.4 billion. This fund was established 22 years ago to make superannuation costs more affordable as the average population age increases. The NZ Super Fund was designed by the government to help save and […]
Generate KiwiSaver invests $14 Million Investment in Christchurch Community Housing
Generate KiwiSaver invests $14 Million Investment in Christchurch Community Housing Generate celebrated the completion of 35 new community homes in Christchurch, a milestone funded by their $14 million investment in this impactful project.
ANZ Investments Enters Partnership with BlackRock and Mercer.
ANZ Investments, New Zealand’s largest KiwiSaver provider and market leader with a managed funds portfolio of $19.7 billion, has embarked on a transformative journey by forming collaborative agreements with global financial powerhouses Mercer and BlackRock. These strategic partnerships underscore ANZ’s commitment to enhancing customer value, signalling a significant shift in a competitive strategy to reaffirm […]
KiwiSaver Investments Inch Closer to Milestone of Hundred Billion
KiwiSaver, New Zealand’s widely recognised retirement saving scheme, stands on the cusp of a momentous financial achievement as it grows closer to the threshold of $100 billion of invested funds. The impending milestone highlights the scheme’s soaring success. It solidifies its position as a cornerstone of retirement planning for New Zealanders looking to grow their […]
ANZ Unveils New High Growth KiwiSaver Fund with Potential for Strong Returns
In a move that aims to cater to investors seeking higher returns, ANZ has announced the launch of a new High-Growth KiwiSaver fund. The bank’s decision comes as it recognizes the growing demand for investment opportunities that offer the potential for substantial long-term gains. ANZ’s new High-Growth KiwiSaver fund option is designed to provide investors […]
KiwiSaver gender gap – What does it entail?
The gender gap in KiwiSaver is becoming a major concern, and recent research by the Retirement Commission has revealed some troubling findings. According to the study, men, on average, have a KiwiSaver balance that is $9,352 higher than women, which is a significant 25% difference. This raises questions about gender equality in investing and highlights […]
Gen Z poised for great long-term investment future, research shows
In a study conducted by ANZ Investments, young adults have emerged as the trailblazers in actively managing their KiwiSaver accounts over the past year. The Managing Director of ANZ Investments shared, “Gen Z are investors; they understand this is about growing their wealth, and they’ve started early, many are regularly contributing to a KiwiSaver account, […]
Simplicity KiwiSaver Launches Two New Funds including an Aggressive fund
Simplicity KiwiSaver Scheme has announced the launch of two new funds. The company is known for offering low-cost investment options and is now expanding its portfolio with the introduction of seven new funds. The two new KiwiSaver funds are the KiwiSaver High Growth Fund and the KiwiSaver Defensive Fund. Both funds will charge a total […]
Are actively managed KiwiSaver funds better than passive? A different perspective
Are actively managed KiwiSaver funds better than passive? A different perspective On October 28, 2022, Sixth Street Management and BGH Capital agreed to purchase the remaining 79.7% stake in Pushpay Holding Limited from existing shareholders for approximately $1.5 billion. However, on February 22, 2023, ACC, ANZ, Amova Asset Management, and Fisher Funds, which held around […]
Silicon Valley Bank Collapse – The Ripple Effects On KiwiSaver
Quickly labeled as the biggest failure since the Global Financial Crisis (GFC), US regulators rushed to seize the assets of Silicon Valley Bank (SVB) late last week.
Change is a constant in KiwiSaver providers
KiwiSaver scheme Kiwi Wealth braces for a restructure as new owners Fisher Funds look to integrate leadership teams. Restructuring has become a fairly common term in business talk, and the KiwiSaver industry is no outlier.
Kiwis retiring over the next 20 years will not have enough for retirement
The Retirement Income Interest Group (RIIG) has released its 2022 report, which does not make for good reading for those about to retire. Taking a range of anonymous data from various KiwiSaver providers, they have found that those currently aged 45-59 are estimated to have a balance of $124,400 (median) when they reach retirement age […]
2022 In Review: Top Global Events That Have Impacted KiwiSaver Performance
Global economic conditions in 2022 have changed rapidly. Generally speaking, this will have an impact on your KiwiSaver account and beyond. Talks of recession and the Russian attack on Ukraine added fuel to the fire. Furthermore, increased oil prices and China’s economic slowdown, have an impact on the lives of everyday Kiwis to some degree.
ASB joins other KiwiSaver providers and launches advice tool
ASB KiwiSaver, one of New Zealand’s leading retirement savings plan providers, has launched a new advice tool for its customers. The tool will be available to all ASB KiwiSaver members and help investors make informed decisions about their retirement savings.
‘KiwiSaver Investment Opportunities’ – Generate Invests $20 Million Into Tech Fund
Generate KiwiSaver has announced that it is investing $20 million in the Growth 6 fund to support the progression of the country’s tech industry. The Growth 6 fund is managed by Movac, a leading New Zealand-based investment management company that invests in a diversified portfolio of companies, primarily in the tech sector.
KiwiSaver Advisers view on Sharesies upcoming KiwiSaver Scheme
Sharesies, a New Zealand investment platform, is set to launch a KiwiSaver scheme in 2023. With many Kiwis already investing through the platform, it’s no surprise that Sharesies is confident about the potential popularity of their new venture. Their goal is to provide investment opportunities for all income brackets and make sure everyone feels comfortable […]
KiwiSavers Long-term Benefits Not Undermined by 2022’s Volatility
KiwiSaver News: Uber drivers becoming employees
A recent decision granted four drivers the status of employees rather than contractors for the rideshare company Uber, which Uber is appealing against.
KiwiSaver News: $3 billion lost in KiwiSaver for Temporary Migrants
Unwillingly thousands of temporary migrants could be years behind in their retirement savings. Temporary migrants living in New Zealand on work, visitors or student visas are not allowed to join KiwiSaver until they obtain a resident-class visa.
Retired Kiwis Spending Substantial Amounts of KiwiSaver on Housing Costs
An analysis of projected home ownership rates for retirees has been revealed in new figures released by the Retirement Commission, which show that many over 65s are forced to keep paying their mortgages or rent later in life.
KiwiSaver News: QuayStreet Growth Fund Breaks Into The Top 5 Growth Funds
QuayStreet KiwiSaver Scheme has pushed out Simplicity’s Growth Fund from the Top 5 spot with their growth fund.
Kernel Wealth Launches KiwiSaver Scheme
KiwiSaver Investors Must Be Aware Of Unethical Greenwashing
KiwiSaver News: Fisher Funds Acquires KiwiWealth
Fisher Funds is Acquiring KiwiWealth to become the second-largest KiwiSaver provider in the country, managing up to $14 billion in funds.
Potential Acquisition of Kiwi Wealth by Fisher Funds
Recently, Stuff released an article regarding Fisher Funds potentially acquiring Kiwi Banks KiwiSaver scheme ‘Kiwi Wealth’ founded by economist Gareth Morgan and Andrew Gawith.
KiwiSaver News: Bank Run KiwiSaver Schemes Have Lowest Customer Satisfaction
According to research undertaken by Consumer New Zealand, bank-run KiwiSaver schemes have the lowest satisfaction ratings. It has been a rough year for KiwiSaver members because of the increasing market volatility, which has caused the satisfaction ratings to take a hit. Meanwhile, KiwiSaver members are watching their balances fall.
KiwiSaver News: Over 65 Average Under 50k KiwiSaver
The average Kiwi over 65 years old in New Zealand has a KiwiSaver balance under $50,000. A balance of $50,000 at retirement will increase weekly income by approximately $38 in retirement on top of NZ Superannuation. NZ Super is also not enough to live on due to the increasing cost of living, causing a significant […]
Crypto creeping into KiwiSaver
It’s been a while now that Cryptocurrency has become the talk of the town.
KiwiSaver News: Inflation Impact Means for KiwiSaver
Rising inflation is a leading topic in New Zealand and worldwide as central banks have been forced to raise rates. With inflation hitting a 30-year high, what will this mean for KiwiSaver funds tied to share markets? What about New Zealand, will it face a recession or a soft landing?
KiwiSaver News: New Default KiwiSaver Funds Initial Performance 2022
There has been 2.6 billion New Zealand dollars invested in the default KiwiSaver funds. The six new default KiwiSaver funds that replaced the 9 legacy default KiwiSaver funds in December last year had poor overall performance, average return of – 5.5% in the three months from December 1st to March 31st.
News: KiwiSaver investing in wake of Russian invasion
Millions of Kiwis signed up to KiwiSaver are growing more conscious of exactly where their money is being invested.
Changes to the NZ Superannuation Eligibility
What is NZ Superannuation? The New Zealand Superannuation Fund has been known as a retirement pension that has been available to those who reach the retirement age.
KiwiSaver Provider Simplicity asked to remove misleading advertising campaign
KiwiSaver provider Simplicity has recently been under fire due to their “All Greys” advertising campaign. In the campaign, Simplicity claimed that if you invest your KiwiSaver with them you will retire with 20% more compared to the average provider.
KiwiSaver News: Morningstar Questioning Governments Fee Focused Default KiwiSaver Review
An investment research firm, Morningstar, is questioning the Government’s decision to focus on fees in selecting new default KiwiSaver providers after finding no historical link between low fees and better performance.
KiwiSaver News: KiwiSaver Changes in December 2021
December has been a busy month for KiwiSaver, with a few changes occurring at the beginning of the month. These changes include Major KiwiSaver provider Simplicity dropping membership fees for all products, the new Default funds and providers, and the government currently considering changing government contributions.
KiwiSaver provider aiding community housing plan
Housing investment platform Positive Capital, KiwiSaver provider Pathfinder, and their parent company Alvarium have joined forces to create Positive Property. They’ll be setting up $200m of new public housing through a shared equity programme.
Lending Rules & Banks Pausing Low Deposits Impacting KiwiSaver Investors
First-home buyers are stepping back from the market as it becomes harder to get a mortgage. As well as rising mortgage rates, there are looming changes happening to the Credit Contracts and Consumer Finance Act (CCCFA). The new rules will make it harder to get a loan and has altered the current lending environment.
KiwiSaver News: An increase in the cost of retirement makes KiwiSaver even more important
Kiwis are struggling to cover the cost of retirement, even with NZ Superannuation. Despite the 3.09% increase to NZ Super in April, the payments continue to fall short of covering all the expenses Kiwis have in retirement, and that gap is continuously widening.
KiwiSaver News: Westpac’s BTNZ KiwiSaver funds commit to global sustainable share index
Westpac’s KiwiSaver and investment arm, BT Funds Management NZ (BTNZ), are committing $300m to sustainable shares. This is to align their KiwiSaver funds to support efforts of limiting global temperature rises. To stay up to date with the latest KiwiSaver news, click here.
KiwiSaver News: How Inflation affects First Home Buyers?
Inflation is a term used to describe a rise in average prices. Inflation also means that the value of money, known as purchasing power, subsequently drops as a result of inflation. With the rises in inflation in the third quarter, New Zealand saw the Consumer Price Index rise to 4.9%. ASB’s team has reported a […]
Fisher Fund acquiring Aon’s KiwiSaver scheme and Master Trust Business
Fisher Funds has recently announced that they reached an agreement to acquire Aon New Zealand’s superannuation portfolio, including the Aon New Zealand KiwiSaver scheme and Master Trust.
How Booster’s new fee structure is changing KiwiSaver
Booster has announced a new tiered fee structure, effective from 1 October 2021, where fees decrease as your KiwiSaver balance grows. We explain how this will impact your account growth over time and what it means for investors and their managed funds.
ANZ removes membership fee from KiwiSaver funds
ANZ, one of New Zealand’s leading banking and financial services group, is to cut the $18 membership fee from its KiwiSaver funds in the latest fee reduction move announced today. The industry, which is the largest KiwiSaver provider managing $35 billion on behalf of their 650,000 KiwiSaver customers, will also reduce their management fees on […]
New Regulations For First Home Buyers and KiwiSaver Loans
First home buyers and the new regulations On March 23rd, 2021, the New Zealand government announced its new policy designed to rebalance the property market in favour of first home buyers. The government has now increased the income cap and the house price cap for people wishing to apply for a First Home Grant or […]
Bitcoin in NZ: KiwiSaver Provider Funds Enters the Market
In recent days it has come to public attention that NZ Funds has made the leap into the Bitcoin market. The KiwiSaver provider’s management team has decided that their growth fund is to participate in crypto currency and they believe that in the next five years crypto currency will be part of more KiwiSaver schemes. […]
Experts call for changes in KiwiSaver rules to help home buyers
As housing prices rise in New Zealand, there have been calls for KiwiSaver regulations to be relaxed.
With over $4 billion in default KiwiSaver funds, many New Zealanders are in the wrong KiwiSaver fund
Experts are urging investors who haven’t themselves selected the KiwiSaver provider or fund they are invested in to take action and make an informed choice.
NZ Taxpayers’ Union Annoyed About IRD’s KiwiSaver Delays
The New Zealand Taxpayers’ Union is annoyed regarding the recent delays in transferring of KiwiSaver contributions to fund managers.
New advice-focused KiwiSaver scheme being launched
Select Wealth Management has just announced that their new KiwiSaver scheme is set for lift-off. The scheme will be open for investment starting on the 23rd of November 2020.
KiwiSaver providers charging high fees may be banned from getting new members
The Financial Markets Authority (FMA) has released a consultation document outlining a restored focus on lowering fees amid concerns surrounding excessive charges to clients of KiwiSaver providers.
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.
New KiwiSaver Scheme offers more options to diversify investments
A new KiwiSaver scheme introduced by the fast-growing investment platform, InvestNow, provides more opportunity for investors to spread their KiwiSaver investments between multiple fund managers.
KiwiSaver providers to rehome billions of dollars as Vanguard moves to retail
Vanguard investment funds are passively managed, index-sampling funds which do not require active management from bankers or fund managers. Vanguard has around $6.2 trillion in global assets under management which makes them the second largest provider of exchange-traded funds (ETFs) in the world after BlackRock.
KiwiSaver Providers Investing in Local Tech Startups a Good Idea?
The Kiwi Wealth KiwiSaver Scheme has become part of a select group of KiwiSaver providers investing in private equity. It joins Booster, Milford Asset Management, Simplicity, and CareSaver in incorporating unlisted New Zealand entities into their portfolios.
AMP’s KiwiSaver and NZRT Undertakes Investment Management Review
AMP Wealth Management NZ – an investment company with $9 billion in its investment portfolio, is currently reviewing the investment management of its KiwiSaver and New Zealand Retirement Trust (NZRT) schemes. One of the options on the table was a shift to passive strategies. Some of the model portfolios in AMP Wealth NZ use Mercer […]
News: Reshuffle in Juno KiwiSaver Scheme operations
Juno KiwiSaver Scheme, owned by Pie Funds, has recently slimmed down its staff and operations. This comes after Pie Funds cut seven staff across the group and reshuffled several more after a review. The review started in December last year, with COVID-19 adding some complications to the process. The new Chief Operating Officer, Paul Gregory, […]