Schemes chosen as the new crop of KiwiSaver default funds this year may find there’s demand from investors who want to opt in, one financial services lawyer says.
One of the conditions of being selected as a default provider for the next seven years is that the scheme must be open to people who choose to join, as well as those who are automatically enrolled.
That has not been a requirement of default schemes in the first seven years of KiwiSaver’s existence and some are only open to default subscribers.
A decision on which funds will be selected as defaults is expected soon...MORE»
Wednesday, February 12th, 6:00AM
KiwiSaver has changed New Zealand’s managed funds industry but it has had little effect on household finances so far, a superannuation researcher says.MORE»
Tuesday, February 4th, 6:00AM
Having an above-average allocation to global shares pushed ANZ’s OneAnswer Growth Fund to the top of the Melville Jessup Weaver KiwiSaver performance charts.MORE»
Buoyant stock markets helped KiwiSaver growth funds achieve another solid year in 2013, according to new figures by research house Morningstar.MORE»
Advisers may have to wait longer than expected for a boom in demand from KiwiSavers looking for financial advice, new figures suggest.MORE»
The value of assets invested in KiwiSaver has jumped 30% in the last year, but the Government is now chipping in a lot less.MORE»
Information about KiwiSaver funds' investments should be easier to access and understand from today.MORE»
KiwiSaver default providers will be forced to offer investment education and impartial financial advice, the Government has announced today.MORE»