Blog
Coronavirus 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
18 February 2020 An important update for members whose personal data was compromised 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. 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...
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Generate Data Security Incident 12/02/20
Posted in Kiwisaver, Retirement, Savings on
Media release 12 February 2020 Generate advises clients of a privacy-related data security incident 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. This affects approximately 26,000 of the 90,000 members that have joined Generate over the past seven years. Generate has...
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Platinum'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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KiwiSaver changes look to provide fund access for people with shortened life expectancy
Posted in Kiwisaver, Retirement, Savings on
An Auckland man with Down syndrome has won a change of rules that will allow anyone with a life-shortening congenital condition to access their KiwiSaver funds before they turn 65. He and his mother asked a Parliamentary select committee last year to change the rules to allow him and others with life-shortening conditions to access their KiwiSaver early - because they were unlikely to live until the normal retirement age of 65. Commerce Minister Kris Faafoi said the rules would be changed to create a new category for early withdrawal of KiwiSaver funds for anyone with a life-shortening congenital condition.
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Generate Growth fund 10.8% p.a. over past 5 years!
Posted in Kiwisaver, Retirement, Savings on
Generate's Growth Fund ranks 1st out of 21 KiwiSaver growth funds returning 10.78% p.a. after fees over the past five years. All three Generate Funds rank 1st, 2nd or 3rd over past year and 5 years.
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Liz Koh: Fix your KiwiSaver Mistakes
Posted in Kiwisaver, Retirement, Savings on
Liz Koh's opinion: Mid-year is a great time to review your KiwiSaver contributions for the year to make sure you have put enough in to qualify for the maximum member tax credit paid annually in July. KiwiSaver is not a 'set and forget' investment, yet the majority of people treat it as such. There are key decisions to be made along the way which can make the difference between living in comfort or living in misery in retirement. Despite KiwiSaver having been around for nearly 12 years, the level of understanding of how to make the most of it is low.
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