About Good Returns  |  Advertise  |  Contact Us  |  Terms & Conditions  |  RSS Feeds Other Sites:   tmmonline.nz  |   landlords.co.nz
Last Article Uploaded: Tuesday, September 17th, 8:32PM
rss
Latest Headlines

Hobson Wealth latest to enter KiwiSaver with a robo solution

A new robo-advised KiwiSaver scheme, partly-owned by sharebroker Hobson Wealth, is set to launch in a month's time, designed to offer better investor outcomes.

Friday, August 16th 2019, 12:03PM

Founder Rupert Carlyon said Kōura Wealth had received its MIS licence this week and planned to launch to the public in three or four weeks' time.

Hobson Wealth owns about half the shares in the company.

Carlyon said Kōura would not invest into Hobson's funds, however. It will have a passive strategy, investing into international passive funds and building its own domestic passive funds.

He said the KiwiSaver market was "kind of working" but too many people assumed that once they were in a KiwiSaver fund, someone else was dealing with it and they did not have to worry any further about retirement savings.

"That's about as far from the truth as you can get," Carlyon said. "We need to do a much better job of helping people make better decisions."

Kōura will only offer roboadvice. Carlyon said while people needed help, they were generally not willing to pay for it.

"How do we create a way to get people the help they need without adding a big cost upfront?"

Carlyon said Kōura's fees should fall "in the pack" of other passive managers. Members would effectively get free advice, he said.

"That's where the world is going to go. From a community perspective, I think everyone should be doing this. It's the logical next step. Technology is allowing us to do far more than we could 10 or 12 years ago when KiwiSaver first launched, why not just do it?"

Carlyon said it was something he had been thinking about for years.

There have been a number of new KiwiSaver providers enter the market in recent years but Carlyon said their success proved that there was room for innovation.

As balances became higher, people were paying more attention to what was on offer, and realising there were other options, he said.

Before launching Kōura, Carlyon was director of mergers and acquisitions at KPMG and spent time in the UK.

 

Tags: Hobson Wealth KiwiSaver Kōura Wealth roboadvice Rupert Carlyon

« KiwiSaver providers question loss-making assumptionsFinancial advisers want KiwiSaver to get SMarT »

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
Subscribe Now

News and information about KiwiSaver

Previous News

MORE NEWS»

Most Commented On
Mortgage Rates Table

Full Rates Table | Compare Rates

Lender Flt 1yr 2yr 3yr
ANZ 5.19 4.15 4.09 4.49
ANZ Special - 3.65 3.59 3.99
ASB Bank 5.20 4.15 4.09 4.39
ASB Bank Special - 3.65 3.59 3.89
BNZ - Classic - 3.65 ▼3.54 3.99
BNZ - Mortgage One 5.90 - - -
BNZ - Rapid Repay 5.35 - - -
BNZ - Std, FlyBuys 5.30 4.45 4.35 4.55
BNZ - TotalMoney 5.30 - - -
China Construction Bank 5.50 4.70 4.80 4.95
China Construction Bank Special - 3.19 3.19 3.19
Lender Flt 1yr 2yr 3yr
Credit Union Auckland 5.95 - - -
Credit Union Baywide 6.15 4.95 4.95 -
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 4.80 4.95 -
Housing NZ Corp 5.19 ▼4.15 ▼4.09 ▼4.39
HSBC Premier 5.24 3.35 3.35 3.35
Lender Flt 1yr 2yr 3yr
HSBC Premier LVR > 80% - - - -
HSBC Special - - - -
ICBC 5.65 3.85 3.95 3.89
Kiwibank 5.80 4.30 4.34 4.74
Kiwibank - Capped - - - -
Kiwibank - Offset 5.15 - - -
Kiwibank Special - 3.55 3.59 3.99
Liberty 5.69 - - -
Napier Building Society - - - -
Nelson Building Society 5.70 4.69 4.79 -
Resimac 5.30 4.86 4.14 4.19
Lender Flt 1yr 2yr 3yr
RESIMAC Special - - - -
SBS Bank 5.29 4.85 5.05 5.49
SBS Bank Special - 3.69 3.69 3.99
Sovereign 5.30 4.15 4.29 4.55
Sovereign Special - 3.65 3.75 4.05
The Co-operative Bank - Owner Occ 5.15 3.65 3.59 3.99
The Co-operative Bank - Standard 5.15 4.15 4.09 4.49
TSB Bank 6.09 4.65 4.59 4.85
TSB Special 5.29 3.85 3.79 4.05
Wairarapa Building Society 5.70 4.85 4.99 -
Westpac 5.34 4.15 4.09 4.49
Lender Flt 1yr 2yr 3yr
Westpac - Offset 5.34 - - -
Westpac Special - 3.65 3.59 3.99
Median 5.35 4.15 4.09 4.19

Last updated: 16 September 2019 10:03am

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