Many conservative KiwiSaver funds aren’t delivering returns to justify their fees, Morningstar’s co-head of fund research says.
The firm released its KiwiSaver survey yesterday, which is designed to help investors assess the performance of their KiwiSaver options.
Morningstar Australasia co-head of fund research Chris Douglas said global markets had bounced back in the quarter and the best-performing sectors were outside New Zealand.
"This again illustrates the importance of a well-diversified portfolio, as KiwiSavers in domestically-focused schemes will have lagged...MORE»
Thursday, July 3rd, 6:00AM
KiwiSaver has been the New Zealand’s most successful savings innovation in the last hundred years, the Financial Services Council says.MORE»
Wednesday, July 2nd, 3:00PM
Labour’s KiwiSaver policy has been criticised by the University of Auckland’s Retirement Policy and Research Centre.MORE»
More than half of young workers aged 15-24 years are already saving for their retirement, and most of those not already saving plan to do so in the future, a new survey shows.MORE»
Labour’s proposal to increase KiwiSaver contributions is a welcome move, the Financial Services Council says.MORE»
KiwiSaver members are being reminded to make sure their annual contributions for the 12 months to June 30 are sufficient to ensure they get the full government hand out.MORE»
Although there are a number of KiwiSaver funds marketed as ethical or socially responsible, the Sustainable Business Network, is seeing how much interest there is a new fund.MORE»
New Zealanders with a mortgage have even more enthusiasm for compulsory KiwiSaver than New Zealanders generally, says the Financial Services Council.MORE»