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.