Blog
Generate not invested in gun manufacturers.
Posted in Kiwisaver, Retirement, Savings on
We can confirm that the portfolios currently do not hold any gun manufacturers directly or through the underlying managers. Some of the underlying managers have small positions in conglomerates (Boeing and Airbus, Rolls Royce and General Electric) that generate a portion of their revenues from defence businesses (e.g. military aircraft and related products), but the majority of revenues generated by these conglomerates are from their better known civilian businesses. Generate’s Responsible investment policy excludes direct and underlying Fund investments into companies involved in: Cluster munitions; Anti-personnel mines; Chemical weapons; Nuclear weapons; Whaling; or Manufacture of tobacco. As part of this policy, we regularly check that the underlying managers do not hold companies in breach of our policy. The policy can be found here for further details.
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December was a downer but dynamic duo defeat KiwiSaver depression
Posted in Kiwisaver, Retirement, Savings on
Just two of the 13 largest KiwiSaver providers eked out positive net growth over the tough December quarter, likely buoyed by new member transfers rather than investment returns. According to the latest data from Australian research house Strategic Insight (SI), Generate KiwiSaver was one of two providers that saw funds under management (FUM) grow during the three months up to December 31 last year, up 2.6 per cent – also jumping above $1 billion for the first time.
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Our thoughts and deepest sympathies are with the victims of the Christchurch shootings and their families.
Posted in Kiwisaver, Retirement, Savings on
Our thoughts and deepest sympathies are with the victims of the Christchurch shootings and their families. We would also like to acknowledge the bravery of the NZ Police and paramedics involved.
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Median KiwiSaver balances rose 62% over three years
Posted in Kiwisaver, Retirement, Savings on
March 12 (BusinessDesk) - The median value of KiwiSaver nest eggs grew to $13,000 at June 30 last year, up 62 percent or $5,000 from three years earlier, Stats NZ says. The growth reflects employee, employer and government contributions as well as any investment gains.
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Generate fastest growing KiwiSaver over last 11 quarters
Posted in Kiwisaver, Retirement, Savings on
Thanks to all those members who have joined Generate over the last eleven quarters. We hope we have repaid your trust with the top performance rankings achieved and service. In the latest Workplace Savings NZ Report Generate has been the fastest (%) growing KiwiSaver Scheme in their league tables, by funds under management, in each of the last 11 quarters.
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Generate ranks 1st, 1st and 3rd for 2018
Posted in Kiwisaver, Retirement, Savings on
The latest Morningstar KiwiSaver Survey has been released. While 2018 was a volatile year for KiwiSaver funds, all three Generate funds performed very strongly versus the competition. Ranking 1st, 1st and 3rd in their respective categories for 2018 and 1st, 2nd and 3rd over the past five years. As a New Zealand owned and operated KiwiSaver specialist we are delighted to have achieved these results for our members. The results are measured on a net return after fees are paid basis. This means not only great relative performance but - importantly - excellent value for money.
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Brian Gaynor: "Why Aussies are winning the retirement race"
Posted in Kiwisaver, Retirement, Savings on
A major Australian Productivity Commission report on superannuation presents an opportunity to compare retirement savings on both sides of the Tasman. Unfortunately, the comparisons are not flattering — New Zealanders have private superannuation assets of only $17,100 per capita compared with A$111,300 ($118,400) per capita in Australia. Why do New Zealanders have significantly less retirement assets than Australians and how can we reduce this massive gap?
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New survey shows 62 per cent of Kiwis think they need to be saving more
Posted in Kiwisaver, Retirement, Savings on
A new survey shows 62 per cent of Kiwis believe they need to be saving more than they are with 56 per cent of those above 60 saying they don't have enough saved. "We don't know how long we are going to live, when we are going to retire and what our work life is going to look like so this is where good planning comes into it."
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Some thoughts on recent market volatility
Posted in Kiwisaver on
We think volatility is likely to continue and as an active manager we hope to capitalise on it.
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How can you know your KiwiSaver money is safe?
Posted in Kiwisaver, Retirement, Savings on
New Zealand KiwiSaver balances are growing. If you've got an increasingly sizeable chunk sitting in your account, you might wonder how safe that money is. Part of that licensing process requires fund managers to have client money held by a third party. "The assets of all the KiwiSaver schemes are held in trust, meaning the assets are not directly owned by the provider itself," Mulholand said.
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