Blog
The investment team at Generate has remained highly active since the coronavirus began to take hold of China late January.
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The investment team at Generate has remained highly active since the coronavirus began to take hold of China in late January. This has been across multiple sectors and asset classes.
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Cooking the Books podcast
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Cooking the Books podcast: Your KiwiSaver is down: Here's why it can be a good thing.
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Generate is working remotely and is open for business
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Our offices are closed but our team is working remotely and we will be able to look after your enquiries, albeit by phone and email rather than in person. The Generate investment team is fully resourced and continue to actively manage your investments.
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FMA update on COVID-19
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Support for investors and industry; regulatory burden reduced The Financial Markets Authority (FMA) is closely monitoring the impact of the coronavirus situation on New Zealand’s financial markets and considering all available options to ensure markets continue to function well and to support participants, customers and investors.
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Sound advice for KiwiSaver members to navigate market volatility
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We recommend staying the course and not switching from a growth fund to a conservative fund in times of market turmoil. But at the end of the day it is your money and your choice. The Financial Markets Authority (FMA) concurs with our recommendation - Gillian Boyes, the Investor Capability manager at FMA, has published some sound advice on how to manage your KiwiSaver during the current volatility. If you are anxious about recent market movements it is well worth reading.
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Market update on coronavirus
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Since our last markets update the Coronavirus has spread into Continental Europe and North America. In a bid to limit the spread, Governments around the globe have placed unprecedented restrictions on the movement of their citizens.
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FAQ’s on the impact of COVID-19
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FAQ’s on the impact of COVID-19. Generate continues to monitor Government and World Health Organisation guidelines. We have implemented several measures in order to increase the safety and wellbeing of our people, our customers, and our communities.
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Coronavirus Investment Update
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As many of you will have noticed share markets around the globe have dipped on news that the Coronavirus has spread outside of China.
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Generate to reimburse for ID replacement or waive member fee
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18 February 2020 An important update for members whose personal data was compromised We understand this has been a difficult time for our members whose personal information was illegitimately accessed in a breach of our online application system recently. As well as creating uncertainty and concern, it has created inconvenience and demands on those members’ time in terms of taking action to minimise their risks from having personal information compromised. In this context, while we are under no obligation to do so, we have reviewed the situation and decided we will reimburse members for the c...
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Generate Data Security Incident 12/02/20
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Media release 12 February 2020 Generate advises clients of a privacy-related data security incident Generate regrets to advise that it has identified there was unauthorised third party access to the fund manager’s online application system between 29 December 2019 and 27 January 2020, and that some of its members’ personal information has been accessed illegitimately. This does not affect members’ investments, which are held by Public Trust in a completely separate system. This affects approximately 26,000 of the 90,000 members that have joined Generate over the past seven years. Generate has...
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