Advisers set clients on right investment path

Investors who work with advisers are on track to achieve better outcomes in their KiwiSaver accounts.

Data from ANZ and Booster shows that KiwiSaver members who work with advisers, as opposed to going it alone or via a bank, have more allocation to growth assets throughout their lives.

At Booster, investors aged between 17 and 32 have 30% higher exposure to growth assets, which chief investment officer David Beattie said was due in part to the effect of unadvised default members ending up in conservative funds ...MORE»

Interest Rate Cycles: Endings and Beginnings Thursday, June 21st, 11:00AM Harbour Asset Management provides a valuable update on the fixed interest market following the US Federal Reserve latest rate announcement this week. MORE»

What makes an adviser independent, anyway? Thursday, June 21st, 6:00AM  1 comment What constitutes “independent” advice is one of the issues that will be considered by regulators developing the new regime for financial advice. MORE»

What New Zealanders want from KiwiSaver may surprise you

NZ Funds has conducted some research on what people like and what motivates their decisions when making KiwiSaver decisions. It makes for interesting reading.

There has been a lot of conjecture in the media about what KiwiSaver investors should focus on, but less research into what they like and what motivates their decision.

Recent media, and to a lesser extent regulatory focus, has been on fees, but fees came last in a list of attributes ranked through NZ Funds’ inaugural KiwiSaver survey.

Members of the NZ Funds KiwiSaver scheme, as well as the employees of over 200 firms from NZ Funds Wealth at Work programme, were asked five questions in total ...MORE»

NZ Super appoints new CEO Tuesday, June 19th, 2:46PM The $38 billion NZ Super Fund has appointed a new chief executive to replace Adrian Orr who left to become governor of the Reserve Bank. MORE»

Fees 'still too high' Tuesday, June 19th, 6:00AM Pie Funds' move to cut performance fees should prompt useful industry discussions - but isn't in itself a good move for investors, Morningstar director of manager research ratings, Asia-Pacific, Chris Douglas says. MORE»

News Bites

Banks get visit from regulators

Regulators say the joint Financial Markets Authority and Reserve Bank review of conduct and culture in the New Zealand banking sector is progressing rapidly. MORE»

GoodReturns TV

[GRTV] The future of insurance commissions

Commerce Minister Kris Faaoi talks to Philip Macalister on Good Returns TV about the future of commissions, law changes planned and churn. MORE»

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'Drop mandatory insurer strength ratings'

Requiring insurers to have financial strength ratings adds cost to the industry but does little to help consumers, industry commentators say. MORE»

TMM Online

Construction slump slows GDP

A fall in construction activity contributed to a slowdown in New Zealand’s economy in the three months to March. MORE»

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AMP appoints new chairman

AMP has hired former Commonwealth Bank head David Murray as its new board chairman. MORE»

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Advisers set clients on right investment path

Investors who work with advisers are on track to achieve better outcomes in their KiwiSaver accounts. MORE»