Conservative KiwiSaver funds are being tipped to barely outperform cash over the next seven years.
The New Zealand Institute of Economic Research (NZIER) has warned that KiwiSaver members in conservative funds are in for poor returns, in its first New Zealand Investment Quarterly.
Conservative funds, including the nine KiwiSaver default funds, mostly invest in sovereign (government) bonds and cash while allocating only a small proportion to shares.
They are expected to return only 4...MORE»
Wednesday, June 17th, 7:44PM
The FSC is reminding KiwiSaver members they have less than a fortnight to top up their accounts to get the maximum member tax credit this year.MORE»
Tuesday, June 16th, 9:00AM
Mercer has been given approval to combine its two KiwiSaver schemes into one.MORE»
IRD says it expects to reach a resolution with its British counterpart soon, after KiwiSaver schemes were removed from its list of recognised overseas pension schemes.MORE»
Axing of the $1000 kickstart payment for KiwiSaver has been a headache for providers.MORE»
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People enrolling in KiwiSaver from now will no longer receive a $1,000 kick-start payment, Finance Minister Bill English says.MORE»
Kiwis who think their retirement savings are sorted because they have signed up to KiwiSaver may get a nasty shock when they reach 65.MORE»