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Study sheds light on KiwiSaver 'don't knows'
Posted in Kiwisaver, Retirement, Savings on
The latest Commission for Financial Capability (CFFC) survey for the World Investor Week, highlights 28% of those surveyed did not know whether their fund was in the conservative, balanced or growth categories. This equates to an estimated 800,000 KiwiSaver members. Further to this, the survey also suggested that 10% were unaware of the annual Member Tax Credit (Government Contribution) of $521.43 that some member's may potentially be eligible for.
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Generate issues Responsible Investment Policy and becomes a signatory to the United Nations Principles for Responsible Investment.
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We have formalised how we take into consideration environmental, social and governance issues in our investment making decision process. We have also committed to being a Signatory to the UNPRI. See our full policy here.
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Janine Starks: Choosing the right KiwiSaver fund can earn you an extra $1.4m in savings
Posted in Kiwisaver, Retirement, Savings on
Janine Starks: "Imagine four colleagues who sit next to each other for 30 years in the same job. They live in the same size houses of the same value and have very similar lives. Each diligently squirrels away $5000 a year into a KiwiSaver fund. Would you assume they'd have similar retirements? The answer will shock you."
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Getting KiwiSaver right from the start
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Many people in KiwiSaver schemes don't get the basics right, says Henry Tongue, chief executive of KiwiSaver provider Generate. While their mistakes can seem small today, compound interest means they snowball over the decades. In the long run, they can make a huge difference to your retirement income.
View moreWhat happens to your KiwiSaver in a divorce?
Posted in Kiwisaver, Retirement, Savings on
"I'm 30 and separating from my partner of five years. So far, we have been able to agree on the details of the split ourselves. Is it true that our KiwiSavers need to be split between us? And how do you actually do this? I've chosen to contribute more to my KiwiSaver, whereas my partner is more of a spender, so I'm hoping she won't insist on taking some of mine..." For more explaination, read more here
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Piling up: New Zealanders now have more than $50 billion invested in KiwiSaver
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New Zealanders have collectively got more than $50 billion in their KiwiSaver accounts - 11 years after the scheme was first launched. Figures from actuarial research firm Strategic Insight show the amount of money in the retirement savings scheme rose 4.8 per cent between March 31 and June 30 from $48.5 billion to $50.8 billion. A billion dollars flowed into KiwiSaver over the quarter from contributions while a further $1.3 billion came in from investment earnings and transfers from outside of KiwiSaver. The biggest growth came from KiwiSaver provider Generate, which saw its funds under manag...
View moreGood to see positive steps taken by officials on this issue
Posted in Kiwisaver, Retirement, Savings on
Officials have been asked to look into whether there should be a law change to enable people with certain disabilities to access their KiwiSaver early.
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Top Performances from Generate
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Morningstar's latest KiwiSaver survey, to June 30, showed returns bounced back after a tough start to the year. Read more here
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Retirement boss Diane Maxwell: I wish I'd been better with money when young
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Maxwell says "The problem is trying to talk to young people about 'tomorrow' when every message they are getting is 'today'! We want it now, have it now, if you don't have the money borrow it. You go on social media and everyone has got everything."
View moreGet Sorted: KiwiSaver gets even better
Posted in Kiwisaver, Retirement, Savings on
Three promising changes to KiwiSaver will help people get better results.
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