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A market update from Kerr Neilson CEO. Few would dispute that the global economic system is compromised. The hangover from the great credit boom has still not been eradicated. Now, the one country, which at the margin provided the world with substantial growing demand, China, is facing its own conflicts.
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Many great companies arbitrarily sold off in the maelstrom, giving discounts of 10-20 per cent on last month.
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Over half of people aged over 50 haven't yet tried to work out what they need to save by retirement in order to live a decent lifestyle in retirement.
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Chuffed because you can easily see your KiwiSaver balance with your other savings accounts? They’re actually radically different.
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If you’ve got a decade or more before you need your money back, you can afford to ride out market highs and lows to gain more in the long run.
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The best performing KiwiSaver funds were those that bet on the New Zealand dollar falling against foreign currencies in the three months to June 30, according to Morningstar.
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KiwiSaver members in conservative funds are in for poor returns, according to a new report by the New Zealand Institute of Economic Research.
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Key says $1000 grant immaterial over typical 45-year working period.
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New Zealanders who sign up to KiwiSaver will no longer get a $1000 "kick-start" payment.
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KiwiSaver providers are struggling to move savers out of the default funds despite a requirement by the Government to give people more information on their choices.
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