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.