Government is making it easier for earthquake-affected KiwiSaver members to withdraw their money if they suffer financial hardship – but one adviser is warning it is not a good idea.
Commerce Minister Paul Goldsmith announced this week that he had asked KiwiSaver scheme supervisors to expedite requests for early withdrawals for earthquake-affected people.
“I also emphasised to KiwiSaver supervisors that when assessing financial hardship applications, they should take into account the effects of the earthquake on their member’s assets, ability to work, income and expenses,” he said...MORE»
Monday, November 21st, 6:00AM
Bank KiwiSaver providers are worried that proposed changes to annual statement requirements could lead to members chasing the lowest-fee providers.MORE»
Wednesday, November 16th, 6:00AM
New Zealanders say there is not enough information available to help them choose responsibly invested KiwiSaver funds – but very few seek out an adviser to help them.MORE»
[UPDATED] Efforts are under way at the Financial Markets Authority to help address concerns from KiwiSaver providers that are believed to be limiting the advice members receive.MORE»
A solid quarter has seen KiwiSaver investments shake off the impact of Brexit-induced market turmoil.MORE»
Advisers are being urged to think about KiwiSaver advice as a way to capture clients for the future.MORE»
Thirteen customers have complained about bank KiwiSaver sales and advice processes over the past year, the Banking Ombudsman says.MORE»
KiwiSaver members in conservative funds have received returns just 2.1% per year less than those who took on extra risk in a growth fund over the past eight years.MORE»