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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Investing
A recent study has found that people who work with a professional financial planner feel better off both financially and more broadly. They report having a better quality of life, enjoying more financial confidence and resilience, and feeling more satisfied with their financial situation.
The Retirement Commissioner website at sorted.org.nz provides a great range of free practical information, guides and tools to help you get your money sorted.
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.
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.
Can you spot the hallmarks of a fake product disclosure statement (PDS) or prospectus? The FMA is warning investors to be vigilant after seeing an increase in fake investment documents targeting New Zealand investors, an example of how scammers can tailor their approach.
Though you’re likely to be earning more in your overseas job than you would in the equivalent one back home, you’re paying interest on your loan while you’re away. You’re ahead if your overseas job pays more, but only as long as you make regular payments.
The month of August started with a strong performance on the back of a solid July and the understanding that peak inflation data had been priced in by markets.
With Queen Elizabeth II no longer occupying her long-held position as New Zealand’s head of state, what happens now to the image of her head on our cash?
The past month has seen positive returns for all asset classes, this is on the back of economic data indicating that central banks’ actions may be working.
During the month of June, investors became increasingly concerned with the potential of a near term recession, sending markets into a sharp decline, with the S&P 500 down 20% since the start of the year, the worst first half year period in decades.
The global equity market initially continued a downward trend, but then reverted later in the month. Amid April US inflation data exceeding expectations and another month of strong job and wage growth, the US Federal Reserve hiked rates by half a percentage point and indicated similar hikes would occur in proceeding meetings.
Investment fund managers tend to follow either an ‘active’ or ‘passive’ management approach to investing. Both approaches have some fundamental differences in targeted performance and strategy.
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.
A recent report from the Financial Services Council shows home ownership remains the dream of most Kiwis but many now consider this out of reach.
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.
The news is full of stories about investing in cryptocurrencies such as Bitcoin and selling a story about how to become a millionaire overnight. But the Financial Markets Authority (FMA) regulator has seen an increasing number of complaints from investors who’ve lost money using cryptocurrency exchanges.
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.