We know that many KiwiSaver members tend to view this as a long term ‘set and forget’ type of investment. However, circumstances change and what was suitable when joining KiwiSaver may no longer be the case.
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KiwiSaver
The Milford KiwiSaver Plan Conservative, Balanced and Active Growth Funds have been the number one performer in their respective KiwiSaver Fund category over the last ten years according to the latest Morningstar KiwiSaver Survey.
If you don’t have a Financial Adviser appointed for your KiwiSaver, this can mean a frustrating process working with multiple different points of contact and an inability to discuss your personal requirements either via online meeting or in person.
With increasing life expectancy, New Zealand now has a larger portion of the workforce continuing to work past the traditional retirement age of 65. According to Age Concern, in 2013, 22% of New Zealanders over the age of 65 years were in paid employment – an increase from 16.8% in 2006 and 11.4% in 2001.
New research has found that KiwiSaver fees are on average lower than fees charged on similar funds in Australia and default fees are on average lower than the fees for default products in both Australia and the UK.
Recent geopolitical events, culminating in the Russian invasion of Ukraine are sadly a concerning development from a humanitarian perspective. These developments are also causing significant market volatility and understandably making investors nervous.
The Ministry of Business, Innovation and Employment (MBIE) have been asked by the Government to review KiwiSaver. The review includes a proposal to shift the focus of Government contributions to incentivise voluntary rather than standard employee contributions.
Our offices in the Forum will need to remain closed until the Alert Level for Covid-19 is reduced to Level 2 or lower. During this time we will continue working remotely.
Our offices in the Forum are now closed following the Covid-19 shutdown and we are working remotely.
While we are working remotely our service timeframes are likely to be longer than usual but we will respond as soon as possible.
The transformation of the AMP investment strategy aims to deliver stronger fund performance, make sustainable investment decisions that aim to help the planet, provide clients with further value for money and create a better future for generations to come.
The Government has recently announced new providers of KiwiSaver default funds, to enhance the financial wellbeing of default KiwiSaver members in retirement.
From 15 March 2021 anyone who gives regulated financial advice to retail clients must either hold, or operate under, a Financial Advice Provider licence. All providers of financial advice are now subject to the same obligation to place the interests of their clients first and must adhere to a new Code of Conduct.
Investing in financial products like shares, bonds, funds and KiwiSaver are all ways to grow your wealth. Regularly putting a little money aside today can reap rewards later in life.
But there are myths about investing that stop many people from taking part. They imagine investors as flash young risk-takers with money to burn. They remember times past when some investments did fail.
In these uncertain times it is easy to feel like things are out of control.
It’s important to realise that investment markets are moving up and down all the time – stability is not ‘normal’.
As a member of the Wealthpoint network, Core Advice has recently expanded our KiwiSaver offering to provide you with even more choice and investment options.
In addition to the existing AMP and ANZ OneAnswer KiwiSaver schemes, Core Advice can now offer KiwiSaver funds from Booster, Fisher Funds, Milford and Nikko.
Everything is a bit up and down at the moment, including investment markets and therefore KiwiSaver balances. Of course, the value of your KiwiSaver investments (and your KiwiSaver balance) goes up and down all the time, but the impact of Covid-19 has seen more movement than usual.
In changes announced recently, savings in KiwiSaver default funds will soon exclude investment in fossil fuels and the default fund allocation will be a ‘balanced’ fund.
No one enjoys paying tax, even worse is paying too much tax! With tax returns currently being done, now is a good time to check you are paying the correct tax rate on your KiwiSaver or other investments.
Your KiwiSaver Scheme is a great way to save for your first home deposit and retirement, and there have been some recent changes to KiwiSaver that could help you lift your savings.
The gap between NZ Super and the cost of living even a "no frills" lifestyle has widened, research from Massey University shows.