The KiwiSaver hack: “We’ve side-stepped KiwiSaver’s biggest flaw” - InvestNow

Article written by InvestNow – 30th July 2021

Insufficient design

Over the last 14 years, KiwiSaver has evolved from a gleam in the eyes of Sir Michael Cullen to a starring role in the financial lives of more than 3.1 million New Zealanders, topping $82 billion in funds under management. 

However, as popular as it is, of late many have been pointing to its obvious design flaw – the limited ability for one portfolio/investor to invest in multiple KiwiSaver offerings.

Stuff’s Janine Starks […]

Saving KiwiSaver: why contributions matter more than fees

Article written by David Boyle, Mint Asset Management

Fees have been in the spotlight recently but Mint head of sales and marketing, David Boyle, explains why we need to dig deeper to understand what is really stopping KiwiSaver members from saving…

KiwiSaver fees have hogged the headlines more than ever over the last year, sparked first by the Financial Markets Authority (FMA) ‘value for money’ crusade in 2020 before culminating in […]

KiwiSaver default shakeup – who’s out and who’s in

Article written by InvestNow

The government put the KiwiSaver market in a temporary tail-spin this May after giving five default KiwiSaver providers the boot.

While not a total surprise, the decision to slash the number of default KiwiSaver schemes from the current nine to six as of December 1 this year, went further than many expected.

The dramatic move will see AMP, ANZ, ASB, Fisher Funds and Mercer lose any default fund members (excluding those who have made an ‘active choice’ […]