Blog

Generate’s New Product Disclosure Statement

Posted in Kiwisaver on

We have recently lodged a Product Disclosure Statement (PDS) on the Disclose Register, which you can view here: www.business.govt.nz/disclose. As part of transitioning to the Financial Markets Conduct Act this PDS will replace our current Investment Statement from 8 September 2016. Members will receive more information about this in the near future. Kind regards, The Generate Team

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Wonderfully Flawed

Posted in Kiwisaver on

Many more of us should be getting the $521 each year that we're entitled to if we put in $1,043 ourselves. Over the next year that works out to putting in a bit more than $20 a week in order to get $10 on top of that. Those of us who do this regularly - such as anyone earning at least $34,762 a year and putting in the minimum 3% - are already getting the government money. Nothing more to do. But if we're on a contributions holiday, or if we're in part-time work or self-employed, we could miss out.

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Henry Tongue

Henry Tongue

Estating case for getting HomeStart Grant

Posted in Kiwisaver on

Lawyer Therese Singleton, AMP's general manager of insurance and investments, says an estate in land includes bare land (upon which to build) or a land and building. "A KiwiSaver first-home withdrawal can be used to purchase either," she says.

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Sam Goldwater

Sam Goldwater

Brian Gaynor: KiwiSavers throw away thousands of dollars

Posted in Kiwisaver, Savings on

The latest KiwiSaver data clearly shows that the scheme has been a phenomenal success with one notable exception: a large number of scheme members are receiving no advice or poor direction and are in the wrong funds. As a consequence, these investors are throwing away tens of thousands of dollars of potential retirement savings.

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Henry Tongue

Henry Tongue

Generate KiwiSaver Scheme Investment Provider of Year

Posted in Kiwisaver on

The Generate KiwiSaver Scheme has been awarded Investment Provider of the Year for the second year running. At the Professional Advisers Association Excellence Awards held yesterday the Generate KiwiSaver Scheme won the Investment Provider of the Year for the second year running. Advisers were asked to rate investment providers, not only on performance but also on the quality of communications and investment statements, services and education to clients, and support to advisers.

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Young people limiting retirement savings by choosing wrong funds

Posted in Kiwisaver on

Are you short-changing yourself of hundreds of thousands of dollars? Many KiwiSaver members have been troubled to see their balances take a hit over the past week, amid international share market volatility. But some are still unaware that their balances are being eroded much more seriously by something that is completely under their control: Being in the wrong type of fund. It is a problem that is particularly bad for KiwiSaver's youngest members, who could miss out on significant sums over their lifetimes.

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Magellan Asset Management - Brexit Update

Posted in Savings on

Hamish Douglass discusses his thoughts around the Brexit development in a video update.

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Platinum Asset Management - Brexit Commentary

Posted in Savings on

The decision by the British people to withdraw from the European Union (EU) took markets by surprise. Yet, it did not occur in a vacuum. Britain's vote to leave the EU needs to be seen in the context of a confluence of global social and economic trends.

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Henry Tongue

Henry Tongue

KiwiSaver funds take a hit after Brexit

Posted in Kiwisaver on

Investors here are getting worried about what the Brexit could mean for investments like KiwiSaver. European markets slumped on Friday, but analysts in New Zealand say KiwiSaver is for the long-term, and investors should hang in there.

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Time to claim KiwiSaver tax credit

Posted in Kiwisaver on

It's nearly the end of June, so now is the time to claim $521 of extra money for your KiwiSaver account. It is called the Member Tax Credit. To get the extra $521.43 you need to be 18 or older and pay $1,042.86 into your account between July 1 and June 30 the following year. The Government will pay 50 cents for each dollar you put in, up to a maximum payment of $521.43.

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