Blog
Sound advice for KiwiSaver members to navigate market volatility
Posted in Kiwisaver, Retirement, Savings on
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
Posted in Kiwisaver, Retirement, Savings on
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
Posted in Kiwisaver, Retirement, Savings on
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.
View moreCoronavirus Investment Update
Posted in Kiwisaver, Retirement, Savings on
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
Posted in Kiwisaver, Retirement, Savings on
<p>18 February 2020</p> <p>An important update for members whose personal data was compromised </p> <p>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.</p> <p>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...</p>
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Generate Data Security Incident 12/02/20
Posted in Kiwisaver, Retirement, Savings on
<p>Media release</p> <p>12 February 2020</p> <p>Generate advises clients of a privacy-related data security incident</p> <p>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. </p> <p>This affects approximately 26,000 of the 90,000 members that have joined Generate over the past seven years. Generate has...</p>
View morePlatinum's founder, Kerr Neilson, discusses investment opportunities presented by change around the world and what lies ahead in 2020.
Posted in Kiwisaver, Retirement, Savings on
Platinum's founder, Kerr Neilson, discusses investment opportunities presented by change around the world and what lies ahead in 2020. Watch here:
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Term deposit rates are historically low and tightly bunched, but there are still opportunities.
Posted in Kiwisaver, Retirement, Savings on
Term deposit rates are historically low and tightly bunched, but there are still opportunities. This interested.co.nz article provides insight on where rates are at the start of 2020 and some practical options.
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Nearly a million Kiwis are paying too much tax on their KiwiSaver
Posted in Kiwisaver, Retirement, Savings on
Nearly a million Kiwis have been paying too much tax on their Kiwisaver and there's no way for Inland Revenue to pay it back. The maximum rate of 28 per cent of tax automatically kicks in when someone signs up to Kiwisaver. For 950,000 New Zealander's this rate is too high, but it's up to the account holder to correct it. Those affected are owed on average $44 a year for every year they're contributed.
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Generate launches first non-KiwiSaver Fund
Posted in Retirement, Savings on
Generate has launched its first non-KiwiSaver managed fund. The Focused Growth Trust is based on its market leading KiwiSaver Focused Growth Fund which is the #1 fund in the Morningstar Aggressive Multi-sector category for both one year and five year returns to 31 August 2019.
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