FSC KiwiSaver overhaul: Boost access to advice
Financial advice could be provided free or at a discount to SuperGold cardholders, or be made tax-deductible, the Financial Services Council has suggested among its package of recommendations to overhaul KiwiSaver.
Its KiwiSaver 2050 document, released today, identifies six issues to be tackled to improve the performance of KiwiSaver over the long term.
It said participation needed to be increased, contribution levels improved, more decumulation options were needed, focus should be put on financial literacy, there should be more political stability around the scheme, and improved scheme efficiency...MORE»
Which KiwiSaver funds will weather the currency war?Monday, September 2nd, 1:39PM
It’s important to understand how different KiwiSaver Schemes manage foreign currency within their international share exposure. Michael Lang explains. MORE» |
Financial advisers want KiwiSaver to get SMarTWednesday, August 28th, 6:00AM
A group of four financial advice businesses wants the Government to consider implementing behavioural finance techniques to boost KiwiSaver returns. MORE» |
KiwiSaver providers question loss-making assumptions
KiwiSaver providers are raising questions about a series of prescribed assumptions they will have to use to show clients' KiwiSaver balance projections – including that defensive funds will lose money in real terms each year.
MORE»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.
MORE»Default KiwiSaver scheme set for overhaul
Default KiwiSaver schemes may no longer be conservative, and could be forced to charge lower fees, if Government proposals for a revamp of the scheme are adopted.
MORE»KiwiSaver 'as good as it gets'
Morningstar warns the past quarter was “about as good as it gets” for KiwiSaver returns.
MORE»Time to exit unnecessary fees
One of the things that has made KiwiSaver successful is that it is refreshingly free from the hooks and barbs of hidden charges that have traditionally bedeviled the investment industry. Or so one would hope. Unfortunately, old practices die hard.
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