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Oz male retirement savings nine times higher than KiwiSaver average
Posted in Retirement on
The average superannuation balance for an Aussie bloke is more than nine times the average amount Kiwis have put aside for their retirement in KiwiSaver and it's unlikely Kiwis will ever catch up, an expert says.
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KiwiSaver HomeStart loan proving extremely popular
Posted in Kiwisaver on
Building and Housing Minister Nick Smith says the figures confirm the government is on track to meet its target of helping 90,000 people over the next five years to buy their own home. "It's making home ownership a reality for Kiwis for whom owning their own home may otherwise be out of reach."
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Kiwisaver: Tax credit worth saving for
Posted in Kiwisaver on
Q. A month ago, we bought our first home. We were unable to use our KiwiSaver funds because we have only been members for a year. When we have been contributing for three years, can we then withdraw our funds to help pay for what will still be our first home?
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SuperRatings calls for fee realism (and robots) in KiwiSaver take two
Posted in Kiwisaver on
An obsessive-compulsive focus on fees could be detrimental to the long-term health of KiwiSaver members, according to Australian research house, SuperRatings. In its second annual report on the KiwiSaver market, SuperRatings says while fees were important in rating provider competitiveness, the nominal fund costs should be put in a wider perspective.
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Backbone Business Profile: Generating Options for Kiwis
Posted in Kiwisaver on
ln 2012, old friends and experienced financial professionals Henry Tongue and Sam Goldwater saw an opportunity to make a difference to New Zealanders’ retirement savings through creating a specialist KiwiSaver scheme – and what a difference they’ve made.
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Children often have more appropriate KiwiSaver funds than adults
Posted in Kiwisaver on
Many children are invested in more appropriate KiwiSaver funds than grown-ups, according to Henry Tongue, chief executive of fast-growing KiwiSaver scheme provider Generate.
View moreGenerate KiwiSaver Scheme: No. 1 performance by all three of its funds
Posted in Kiwisaver on
The Generate KiwiSaver Scheme is one to watch, with all three of its funds the top performers in their respective categories on a one year return basis, according to the September quarter survey from independent investment research agency Morningstar.
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Going without is a test for retirement
Posted in Kiwisaver, Retirement on
A new study shows that superannuation payments alone (even if they do exist in the future) will not be enough to live on in retirement for many New Zealanders. You may need extra, via KiwiSaver, or something else, or you will go without.
View moreKiwis miss out on KiwiSaver millions
Posted in Kiwisaver, Savings on
More than a million people did not receive any or all of the government's KiwiSaver subsidy in the last financial year leaving $300 million-plus on the table.
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Generate KiwiSaver Scheme surpasses $100m in FuM
Posted in Kiwisaver, Savings on
Award winning New Zealand owned and operated KiwiSaver specialist, the Generate KiwiSaver Scheme, has surpassed $100 million of funds under management.
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