Blog
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.
View moreMedian 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.
View moreBrian 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."
View moreSome 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.
View moreHow 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.
View moreWhere in the world is your KiwiSaver?
Posted in Kiwisaver, Retirement, Savings on
Taking a tour of the investments made by your KiwiSaver fund is like taking a tour of the world. Falls in international sharemarkets are teaching KiwiSaver that their retirement savings aren't invested entirely in bank term deposits. A decade after launch, KiwiSaver appears to still be a bit of a mystery to many people putting money into it from their pay packets. A large chunk of KiwiSaver money is invested in company shares, and in interest-paying bonds, here in New Zealand. But more than half of KiwiSaver money heads overseas giving KiwiSavers stakes in some of the world's largest, most successful companies.
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