Blog
Why are KiwiSavers saying no to money?
Posted in Kiwisaver on
Figures from the Inland Revenue department show 579,832 adults did not receive any government subsidy in the year to June 30 meaning they put no money into their account. A further 609,141 put in some money but not enough to gain the full subsidy meaning they contributed less than $1043 over the year.
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Generate’s New Product Disclosure Statement
Posted in Kiwisaver on
We have recently lodged a Product Disclosure Statement (PDS) on the Disclose Register, which you can view here: www.business.govt.nz/disclose. As part of transitioning to the Financial Markets Conduct Act this PDS will replace our current Investment Statement from 8 September 2016. Members will receive more information about this in the near future. Kind regards, The Generate Team
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Wonderfully Flawed
Posted in Kiwisaver on
Many more of us should be getting the $521 each year that we're entitled to if we put in $1,043 ourselves. Over the next year that works out to putting in a bit more than $20 a week in order to get $10 on top of that. Those of us who do this regularly - such as anyone earning at least $34,762 a year and putting in the minimum 3% - are already getting the government money. Nothing more to do. But if we're on a contributions holiday, or if we're in part-time work or self-employed, we could miss out.
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Estating case for getting HomeStart Grant
Posted in Kiwisaver on
Lawyer Therese Singleton, AMP's general manager of insurance and investments, says an estate in land includes bare land (upon which to build) or a land and building. "A KiwiSaver first-home withdrawal can be used to purchase either," she says.
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Brian Gaynor: KiwiSavers throw away thousands of dollars
Posted in Kiwisaver, Savings on
The latest KiwiSaver data clearly shows that the scheme has been a phenomenal success with one notable exception: a large number of scheme members are receiving no advice or poor direction and are in the wrong funds. As a consequence, these investors are throwing away tens of thousands of dollars of potential retirement savings.
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Generate KiwiSaver Scheme Investment Provider of Year
Posted in Kiwisaver on
The Generate KiwiSaver Scheme has been awarded Investment Provider of the Year for the second year running. At the Professional Advisers Association Excellence Awards held yesterday the Generate KiwiSaver Scheme won the Investment Provider of the Year for the second year running. Advisers were asked to rate investment providers, not only on performance but also on the quality of communications and investment statements, services and education to clients, and support to advisers.
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Young people limiting retirement savings by choosing wrong funds
Posted in Kiwisaver on
Are you short-changing yourself of hundreds of thousands of dollars? Many KiwiSaver members have been troubled to see their balances take a hit over the past week, amid international share market volatility. But some are still unaware that their balances are being eroded much more seriously by something that is completely under their control: Being in the wrong type of fund. It is a problem that is particularly bad for KiwiSaver's youngest members, who could miss out on significant sums over their lifetimes.
View moreMagellan Asset Management - Brexit Update
Posted in Savings on
Hamish Douglass discusses his thoughts around the Brexit development in a video update.
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Platinum Asset Management - Brexit Commentary
Posted in Savings on
The decision by the British people to withdraw from the European Union (EU) took markets by surprise. Yet, it did not occur in a vacuum. Britain's vote to leave the EU needs to be seen in the context of a confluence of global social and economic trends.
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KiwiSaver funds take a hit after Brexit
Posted in Kiwisaver on
Investors here are getting worried about what the Brexit could mean for investments like KiwiSaver. European markets slumped on Friday, but analysts in New Zealand say KiwiSaver is for the long-term, and investors should hang in there.
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