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.Â
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.