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Rather than focusing on the flaws of individuals, governments might do better to explore their own behavioural biases towards retirement savings
Posted in Kiwisaver, Retirement on
There is no shortage of opinion pieces or expert commentary making the case that Kiwis are financially illiterate. Apparently we’re not good with savings, we don’t plan for the future, and we do not take even simple actions (like switching out of our default KiwiSaver funds) to optimise our future financial security. But are individuals wholly to blame?
View moreSix moves to boost your KiwiSaver balance
Posted in Kiwisaver on
It can be difficult making decisions for the future when many of us have the day-to-day pressures of the here and now, but boosting your KiwiSaver fund does not have to cost money. Canstar looks at six ways to improve your balance without throwing money down the drain on fees.
View moreDiana Clement: The mistakes you're making with KiwiSaver
Posted in Kiwisaver on
It's human nature to ignore something that is only going to happen decades in the future. As a result New Zealanders are making mistakes with their KiwiSaver funds. Even a $5 or $10 weekly payment will grow over time into a decent-sized financial bonus in your retirement.
View moreDon't panic, but your KiwiSaver has gone down
Posted in Kiwisaver on
It's satisfying watching your KiwiSaver climb higher every day. You can even get it attached to your bank accounts, so that you can keep an eye on it as part of your daily banking. You watch your nest egg increase in value, secure in the knowledge you're planning for your retirement and looking after your future. Except watching it so closely can be a terrible idea. Especially if the recent sharemarket jitters have made you nervous.
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Plague of financial insecurity, and those unwilling to be victims to it
Posted in Retirement, Savings on
Eight in 10 people believed it was "up to them" to pay for their retirement, Mercer reported in a global survey on "The New Imperative for Financial Security". Half of people surveyed believed they were solely responsible, believing governments would not be able to pay living pensions as populations in the developed world aged. And Mercer found what appeared to be a willingness by the majority of people to do more to give themselves a rosier financial future.
View moreUnderstanding the highs and lows of KiwiSaver investing
Posted in Kiwisaver on
Veteran economist John Carran is unruffled by jitters in global stockmarkets. There is nothing especially abnormal about a drop of five per cent in a sharemarket, he says. Markets move "up by the stairs" with occasional "sharp corrections".
View moreHow did your KiwiSaver fund perform in 2017?
Posted in Kiwisaver on
All 146 KiwiSaver products offered by 16 providers generated a positive return for their investors in 2017, a year that delivered strong gains on equity markets with the local benchmark S&P/NZX 50 Index jumping 22 per cent.
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Generate #1 performance in two categories for 2017
Posted in Kiwisaver, Retirement, Savings on
The latest KiwiSaver survey for calendar year 2017 shows the following fantastic results for the Generate Funds: * The Generate Focused Growth Fund's return was 1st for calendar year 2017 in the KiwiSaver Aggressive category with an after-fee return of 23.9%. * The Generate Growth Fund's return was 1st for calendar year 2017 in the KiwiSaver Growth category with an after-fee return of 19.1%.
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Number 1 Performing Diversified Growth Fund in 2017!
Posted in Kiwisaver on
We are very excited to announce that Generate had the number 1 performing KiwiSaver fund in 2017 out of 34 diversified growth funds as per the FundSource Performance Tables!
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Generate Focused Growth 2nd for 3 year performance
Posted in Kiwisaver on
The recently released FundSource Performance Tables show the following fantastic results for the Generate Funds to the end of October 2017: Generate Focused Growth Fund 2nd out of 30 growth funds for 3 year performance with 12.26% p.a. Generate Growth Fund 9th out of 30 growth funds for 3 year performance with 11.09% p.a. Generate Conservative Fund 3rd out of 30 defensive funds for 3 year performance with 6.74% p.a.
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