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 […]

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.