About Good Returns  |  Advertise  |  Contact Us  |  Terms & Conditions  |  RSS Feeds Other Sites:   tmmonline.nz  |   landlords.co.nz
Last Article Uploaded: Tuesday, July 23rd, 9:33PM
rss
Latest Headlines

Nikko robo-KiwiSaver goes live

Nikko is launching its KiwiSaver roboadvice platform today, the first time the fund manager has dipped a toe into the New Zealand retail investor market.

Wednesday, March 6th 2019, 6:00AM

Its KiwiSaver scheme has been running for some months but has had very limited inflows beyond internal staff money.

Managing director George Carter said many people had not been aware that it was available, and the brand had not been well-known to retail investors.

But the new tool hopes to change that.

It has a number of different functions.

Its GoalGetter option allows users to do long-term or short-term financial planning.

They can set and manage investment goals in their online account, including KiwiSaver but also covering things such as saving for a holiday, new car or accumulating an emergency savings account.

They then ask the tool to recommend funds that will help them achieve that, based on their risk profile, and can then set the investment up online via "set up investment" button.

The retirement planning option recommends a lump sum target for savers based on their current age and earnings, assuming a lifetime trajectory.

For a 35-year-old earning $100,000 from a salary, it recommends aiming for a final target of $940,256 in savings for a simple retirement, or $1.2 million for someone who wants "quality".

It estimates, if that person has a high risk tolerance, and puts their money half into a balance fund and half into growth, they would end up well short of the target with 3% form their employer and 3% of their own contributions, plus $40 in voluntary contributions a month.

It then allows tweaking of the various inputs to try to get closer to the target.

Again, "set up investment" arranges the money as requested with one step.

For those who do not need the planning help, a Just Invest option simply arranges money going into different funds on an ongoing basis, and there is an option to transfer KiwiSaver funds online.

Users can request support via phone or email.

Tags: Nikko AM roboadvice

« CFPs mull future of pinnacle markCode submitted to Minister »

Special Offers

Comments from our readers

No comments yet

Sign In to add your comment

 

print

Printable version  

print

Email to a friend
News Bites
Latest Comments
  • Southern Cross limits trail commission
    “Had my letter today, and frankly, my comments could be described as scathing. When Southern Cross talks about no change...”
    10 hours ago by JPHale
  • AMP loses fight over KiwiSaver ad
    “the advertisement was not seeking to sell anything lol...”
    12 hours ago by all hat, no cattle
  • Make advisers discuss ethical options: Coates
    “There is so much I could say about this but reading the phrase “should be obliged” and the name “Green Party” really...”
    12 hours ago by John Milner
  • Make advisers discuss ethical options: Coates
    “This is a great idea. We should also make it compulsory that they raise eating (preferably healthy) and lifestyle practices,...”
    12 hours ago by Michael Chamberlain
  • Ideal client outcomes
    “If you want a world full of fuzzy thinking, of uncertainty of obligation and very broad liability, imposed at the subjective...”
    13 hours ago by Tash
Subscribe Now

Weekly Wrap

Previous News
Most Commented On
Mortgage Rates Table

Full Rates Table | Compare Rates

Lender Flt 1yr 2yr 3yr
ANZ 5.69 4.35 4.35 4.55
ANZ Special - 3.85 3.85 4.05
ASB Bank 5.70 4.29 4.35 4.55
ASB Bank Special - 3.89 3.85 4.05
BNZ - Classic - 3.85 ▼3.79 4.05
BNZ - Mortgage One 6.40 - - -
BNZ - Rapid Repay 5.85 - - -
BNZ - Std, FlyBuys 5.80 4.69 4.59 4.79
BNZ - TotalMoney 5.80 - - -
Credit Union Auckland 5.95 - - -
Credit Union Baywide 6.15 4.95 4.95 -
Lender Flt 1yr 2yr 3yr
Credit Union North 6.45 - - -
Credit Union South 6.45 - - -
Finance Direct - - - -
First Credit Union 5.85 - - -
Heartland 6.70 7.00 7.25 7.85
Heartland Bank - Online - - - -
Heretaunga Building Society 5.75 4.60 4.75 -
Housing NZ Corp 5.80 4.69 4.49 4.45
HSBC Premier 5.89 3.79 3.79 3.89
HSBC Premier LVR > 80% - - - -
HSBC Special - - - -
Lender Flt 1yr 2yr 3yr
ICBC 5.65 3.85 3.95 3.89
Kiwibank 5.80 4.60 4.60 4.74
Kiwibank - Capped - - - -
Kiwibank - Offset 5.65 - - -
Kiwibank Special - 3.85 3.85 3.99
Liberty 5.69 - - -
Napier Building Society - - - -
Nelson Building Society 6.10 ▼4.69 ▼4.79 -
Resimac 5.30 4.86 4.14 4.19
RESIMAC Special - - - -
SBS Bank 5.79 4.85 5.05 5.49
Lender Flt 1yr 2yr 3yr
SBS Bank Special - 3.85 3.85 3.99
Sovereign 5.80 4.29 4.35 4.55
Sovereign Special - 3.89 3.85 4.05
The Co-operative Bank - Owner Occ 5.65 3.89 3.89 4.05
The Co-operative Bank - Standard 5.65 4.39 4.39 4.55
TSB Bank 5.69 4.45 4.35 4.55
TSB Special - 3.95 3.85 4.05
Wairarapa Building Society 5.70 4.85 4.99 -
Westpac 5.79 4.69 4.79 5.19
Westpac - Offset 5.79 - - -
Westpac Special - 3.85 3.85 4.05
Median 5.80 4.35 4.35 4.19

Last updated: 22 July 2019 9:19am

News Quiz

The maximum remuneration model for Australian life insurance advisers is to be set at what?

Upfront 40% + trail 20%

Upfront 50% + trail 10%

Upfront 50% + trail 20%

Upfront 60% + trail 10%

Upfront 60% + trail 20%

MORE QUIZZES »

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