Advisers may have to wait longer than expected for a boom in demand from KiwiSavers looking for financial advice, new figures suggest.
Inland Revenue’s sixth annual review of KiwiSaver shows that while investors are becoming more active in their choice of fund, most are still making the minimum required contribution.
The report, for the 12 months to June 30 this year, shows that 67% of the 2.15 million KiwiSaver members have chosen their own scheme, up from 65% last year and only 49% back in 2008. In 2013 there were 136,167 transfers, an increase of 24% on last year...MORE»
Thursday, October 24th, 3:33PM
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»
Monday, October 21st, 9:00AM
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»
BNZ KiwiSaver Scheme has reached $100 million funds under management, just over six months following its launch in February this year.MORE»
Superlife says it is business as usual for the organisation, despite losing its distribution agreement with TSB.MORE»
AMP has been given the sign-off to combine its two KiwiSaver schemes.MORE»
Fidelity Life has confirmed that it has done a deal to sell its KiwiSaver business to Grosvenor Financial Services which will also see it take an ownership stake in the company.MORE»