tmmonline.nz  |   landlords.co.nz        About Good Returns  |  Advertise  |  Contact Us  |  Terms & Conditions  |  RSS Feeds

NZ's Financial Adviser News Centre

GR Logo
Last Article Uploaded: Thursday, March 28th, 10:13PM

Investments

rss
Latest Headlines

Website to clarify hidden KiwiSaver fund fees

Press Release: Choosing the right KiwiSaver fund with the lowest fees and best performance from the dozens on offer will give the average wage-earner enough extra money over twenty years to buy a brand-new luxury car when they retire.

Wednesday, June 20th 2007, 2:06PM
The trick is knowing which one of the funds will make that kind of difference, and a website is being launched to provide that information.

"Smart KiwiSaver (www.smartkiwisaver.co.nz) is the only place where intending Kiwi savers will find independent information and true comparatives for all the funds on offer", said the director of Trident Research Systems Phillip Harris.

"We will find the hidden fees and include them in published performance data of the funds.

"Having tens of thousands of dollars more at retirement time won't come from following investment brand names, investment celebrities, going to 'independent' seminars, or trying to read wordy investment statements," he said.

"Professional investment managers and financial planners instead rely on the funds performance data that's number-crunched and provided by independent firms like Trident Research Systems.

Smart KiwiSaver's easy-to-use consumer-orientated advice and calculator website starts its work on 1 July, and is based on the same Trident Research Systems software used by investment administrators and financial planners to guide their decisions when investing hundreds of millions of dollars.

Trident Research Systems of Christchurch has been providing fund performance analysis for the finance industry for over 20 years (see www.tridentresearch.co.nz which includes references from major participants in the finance industry).

The introductory cost of joining Smart KiwiSaver is a flat fee of $29.90 for the first year.

"For someone on just the average wage who is retiring in 20 years, a 2% per annum difference in performance can mean $70,000 more at retirement time," said Harris.

Employers could confidently refer employees to Smart KiwiSaver knowing their staff can choose a KiwiSaver fund, on the basis of independent advice, that best fits their savings objectives.

"Maintaining the best balance of risk and return as time goes by means Kiwi savers can be sure they are always using the best-performing KiwiSaver fund from the dozens on offer.

"Like the funds analysis we've been providing to the financial industry for over twenty years, the recommendation provided by Smart KiwiSaver is based purely on the performance of the fund, and the risk associated with achieving that performance.

"Smart KiwiSaver's performance data will also include the fees being charged by the fund manager. The accepted measurement for this is known as the management expense ratio (MER), which acts to reduce the return from the fund.

"Smart KiwiSaver takes all costs including the MER into account when we publish a KiwiSaver fund's return," said Harris.

Press release from Trident Research Systems

« KiwiSaver: nest egg or hot potato?ABN AMRO Craigs adopts Gatekeeper for KiwiSaver fund providers »

Special Offers

Commenting is closed

 

print

Printable version  

print

Email to a friend
News Bites
Latest Comments
Subscribe Now

News and information about KiwiSaver

Previous News
Most Commented On
Mortgage Rates Table

Full Rates Table | Compare Rates

Lender Flt 1yr 2yr 3yr
AIA - Back My Build 6.19 - - -
AIA - Go Home Loans 8.74 7.24 6.79 6.65
ANZ 8.64 7.84 7.39 7.25
ANZ Blueprint to Build 7.39 - - -
ANZ Good Energy - - - 1.00
ANZ Special - 7.24 6.79 6.65
ASB Bank 8.64 7.24 6.79 6.65
ASB Better Homes Top Up - - - 1.00
Avanti Finance 9.15 - - -
Basecorp Finance 9.60 - - -
Bluestone 9.24 - - -
Lender Flt 1yr 2yr 3yr
BNZ - Classic - 7.24 6.79 6.65
BNZ - Green Home Loan top-ups - - - 1.00
BNZ - Mortgage One 8.69 - - -
BNZ - Rapid Repay 8.69 - - -
BNZ - Std, FlyBuys 8.69 7.84 7.39 7.25
BNZ - TotalMoney 8.69 - - -
CFML Loans 9.45 - - -
China Construction Bank - 7.09 6.75 6.49
China Construction Bank Special - - - -
Co-operative Bank - First Home Special - 7.04 - -
Co-operative Bank - Owner Occ 8.40 7.24 6.79 6.65
Lender Flt 1yr 2yr 3yr
Co-operative Bank - Standard 8.40 7.74 7.29 7.15
Credit Union Auckland 7.70 - - -
First Credit Union Special - 7.45 7.35 -
First Credit Union Standard 8.50 7.99 7.85 -
Heartland Bank - Online 7.99 6.69 6.45 6.19
Heartland Bank - Reverse Mortgage - - - -
Heretaunga Building Society 8.90 7.60 7.40 -
HSBC Premier 8.59 - - -
HSBC Premier LVR > 80% - - - -
HSBC Special - - - -
ICBC 7.85 7.05 6.75 6.59
Lender Flt 1yr 2yr 3yr
Kainga Ora 8.64 7.79 7.39 7.25
Kainga Ora - First Home Buyer Special - - - -
Kiwibank 8.50 8.25 7.79 7.55
Kiwibank - Offset 8.50 - - -
Kiwibank Special - 7.25 6.79 6.65
Liberty 8.59 8.69 8.79 8.94
Nelson Building Society 9.00 7.75 7.35 -
Pepper Money Advantage 10.49 - - -
Pepper Money Easy 8.69 - - -
Pepper Money Essential 8.29 - - -
Resimac - LVR < 80% 8.84 ▼8.09 ▼7.59 ▼7.29
Lender Flt 1yr 2yr 3yr
Resimac - LVR < 90% 9.84 ▼9.09 ▼8.59 ▼8.29
Resimac - Specialist Clear (Alt Doc) - - 8.99 -
Resimac - Specialist Clear (Full Doc) - - 9.49 -
SBS Bank 8.74 7.84 7.45 7.25
SBS Bank Special - 7.24 6.85 6.65
SBS Construction lending for FHB - - - -
SBS FirstHome Combo 6.19 6.74 - -
SBS FirstHome Combo - - - -
SBS Unwind reverse equity 9.95 - - -
Select Home Loans 9.24 - - -
TSB Bank 9.44 8.04 7.55 7.45
Lender Flt 1yr 2yr 3yr
TSB Special 8.64 7.24 6.75 6.65
Unity 8.64 6.99 6.79 -
Unity First Home Buyer special - - 6.45 -
Wairarapa Building Society 8.60 6.95 6.85 -
Westpac 8.64 7.89 7.49 7.25
Westpac Choices Everyday 8.74 - - -
Westpac Offset 8.64 - - -
Westpac Special - 7.29 6.89 6.65
Median 8.64 7.29 7.32 6.65

Last updated: 28 March 2024 9:42am

About Us  |  Advertise  |  Contact Us  |  Terms & Conditions  |  Privacy Policy  |  RSS Feeds  |  Letters  |  Archive  |  Toolbox  |  Disclaimer
 
Site by Web Developer and eyelovedesign.com