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KiwiSaver key for Rotorua couples in securing first home

10 Jul 17 - NZ Herald: Rotorua's Shannon Carline and Wayne Butler became homeowners at age 22 - a feat only made possible by their KiwiSaver funds.

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What you need to save for a comfy retirement

10 Jul 17 - NZ Herald: A couple who want to live in a major New Zealand city and have a comfortable retirement would need about $486,000 based on the spending of today's retirees, research has found. Westpac Massey University's Fin-Ed Centre has updated its retirement expenditure research which analyses the spending of over 65 year olds based on Statistics New Zealand household economic data.

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Get Sorted: KiwiSaver deadline is end of June

15 Jun 17 - New Zealand Herald: Deadlines can bring out our best work. Why is that? There's something about being under the pump that makes us rise to the occasion and simply get it done. We just find a way somehow. This time of year - before June runs out - is the deadline to get the annual $521 from the government into our KiwiSaver accounts. It would be great if we could all look at our situations - and consider those around us who may be missing out on the practically free money. If they're over 18, we might even help them top up their accounts so they get the most they can.

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Government response to review of retirement income policies

15 Jun 17 - New Zealand Government: The Government has today released its response to the Retirement Commissioner’s review on retirement income policies, Commerce and Consumer Affairs Minister Jacqui Dean says.

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Book Now! Early bird registration for Navigating Change conference closes 30 June 2017

9 Jun 17 - Early bird registrations close on 30 June 2017 for the inaugural Financial Services Council and Workplace Savings NZ national conference. Navigating Change  7– 8 September 2017 Hilton Hotel, Auckland

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FMA announces methodology for KiwiSaver fee disclosure

9 Jun 17 - Financial Markets Authority: The Government has recently introduced regulations requiring KiwiSaver providers to disclose fees in dollars in members’ annual statements. The Financial Markets Authority (FMA) has been consulting on a methodology that will assist KiwiSaver providers to understand the requirements of those regulations.

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What Budget 2017 spending promises look like when adjusted for inflation and population growth; Defence, education, health, welfare and law & order to fall; Super costs to rise through 2021

26 May 17 - interest.co.nz: For all that talk of winners in this year's Budget, a deep dive into the numbers coupled with fundamental economic analysis paints a different picture. Those wanting to dig a bit further into the Budget numbers, here are some tools to see how 2017’s numbers compared to previous years, and what levels of spending we’re set to see over the next four.

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Budget 2017: More incentives for middle-class taxpayers needed

26 May 17 - NZ Herald: With the Government in a position of surplus it would be good to see some incentives introduced in this year's Budget, beyond the social investment being targeted in the announcements made to date, says local financial adviser Nick Stewart.

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Get Sorted: Why KiwiSaver balances go up... and down

17 May 17 - New Zealand Herald: Quick question: what's the difference between a savings account and a KiwiSaver account? Short answer: when you put money in, the first always goes up, but the other goes up and down. That's no small thing. ​​​​​​​

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KiwiSaver hits $40b, but balances stay low

17 May 17 - New Zealand Herald: Strong investment growth has boosted the value of KiwiSaver to over $40 billion but individual balances remain low for many despite the scheme running for nearly 10 years. Figures from Australian research firm Strategic Insight show total KiwiSaver funds hit $40.651 billion at the end of March, up from $38.416b as of December 31.

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FMA: KiwiSaver trial to target decision-making a decade out from retirement

11 May 17 - Financial Markets Authority: The FMA is working with ANZ to see if behavioural insights can prompt more ANZ KiwiSaver members to get retirement advice, or use retirement-planning tools when they hit 56 years old.

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One in three Kiwis have no money plan for retirement

28 Apr 17 - NZ Herald: Young people were the least likely to have a money plan, but even among older people, only 41 per cent knew how much they would need for retirement.

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Fisher fades as Mercer mounts late retail run in 2016

24 Apr 17 - InvestmentNewsNZ: Mercer struck form in the December quarter after growing NZ retail funds under management (FUM) by almost 11 per cent, more than double the rate of its nearest competitor, new data from Australian research firm Strategic Insight (SI) shows.

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Growing divide in risk profile hits KiwiSaver returns, MJW survey

24 Apr 17 - InvestmentNewsNZ: Divergent asset allocations have come to the fore again in the KiwiSaver market with Milford Asset Management producing stand-out results – at both ends of the scale, the latest Melville Jessup Weaver (MJW) quarterly investment survey shows.

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Simplicity cuts global credit on ESG concerns

24 Apr 17 - InvestmentNewsNZ: Fund disrupter firm, Simplicity, has sold down its global credit investments due to a lack of suitably-priced screened options.

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FMA launches consultation on KiwiSaver fees methodology

12 Apr 17 - The FMA is consulting on how those fees should be calculated and disclosed. Deadline for submissions is 5 May 2017.

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ANZ keen to keep KiwiSaver business

10 Apr 17 - Interest.co.nz: When the ANZ Banking Group gets around to "considering" the future of its New Zealand wealth unit, one thing it won't be doing is selling its KiwiSaver business, CEO Shayne Elliott says.

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ASB steps up KiwiSaver advice

7 Apr 17 - NZ Herald: ASB says a change in the way the regulator views personalised financial advice has opened the door for it to provide more KiwiSaver advice.

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Cullen concerned over perpetual saving 'holidays'

7 Apr 17 - Stuff.co.nz: Cullen, who as Labour finance minister launched KiwiSaver in 2007, now calls the holiday rule a "kink" in the design of KiwiSaver.

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One in seven Kiwis should be in financial 'intensive care', says Commission for Financial Capability

3 Apr 17 - Stuff.co.nz: The government's money education agency says 14 per cent of Kiwis should be sent straight to financial "intensive care".

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Anger at Superlife's KiwiSaver $100 'transfer' fee

31 Mar 17 - Stuff.co.nz: Sam Arora is taking a stand over his KiwiSaver provider's decision to charge him $100 to leave. Arora has his money invested with KiwiSaver provider SuperLife, but is considering shifting to rival provider Simplicity.

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Growing KiwiSaver balances mean people can't put off writing a Will

29 Mar 17 - Stuff.co.nz: Growing KiwiSaver balances could spell trouble for New Zealanders who do not have a will.It is estimated that more than half of all New Zealanders over the age of 18 have not yet drafted one.

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Many Kiwis have no idea how much income they need to retire

29 Mar 17 - Stuff.co.nz: KiwiSaver provider Kiwi Wealth found something odd when developing online tools to help people work out how much to save to get the retirement they want.

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Four KiwiSaver schemes yet to ditch weapons investments

27 Mar 17 - Radio New Zealand: Some KiwiSaver funds are still investing in banned weapons despite making promises to get rid of the holdings.

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BNZ adopts ethical screen on investments

24 Mar 17 - Goodreturns: BNZ has announced it will drop its investments in companies involved in the production of cluster munitions, anti-personnel mines, nuclear weapons and tobacco or tobacco products.

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Govt tells KiwiSaver providers to act quickly on weapons' investments

24 Mar 17 - NZ Herald: The government won't put a deadline on when it expects KiwiSaver providers to exit investments in banned weapons' makers instead insisting they should act as "quickly as possible."

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Super storm

22 Mar 17 - Otago Daily Times magazine: Squabbling about the retirement age is bailing out the dinghy as a tornado approaches. Bruce Munro looks at the perfect storm brewing on the horizon and asks whether we even know in which direction to row.

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Kiwisaver: Some frequently asked questions

22 Mar 17 - NZ Herald:  This is the third and final instalment in a series of articles looking at the important assumptions and decisions one needs to make when forecasting what nest-egg one might achieve with a long-term investment plan using a KiwiSaver scheme.

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Generate closes in on $400m, hires portfolio manager

20 Mar 17 - InvestmentNewsNZ: Auckland-headquartered boutique KiwiSaver scheme, Generate, has upsized its investment team with the appointment of Edward Glennie as senior portfolio manager.

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KiwiSaver growth up despite investment loss

20 Mar 17 - InvestmentNewsNZ: KiwiSaver funds under management (FUM) broke through the $38 billion level in the December quarter, fueled entirely by member contributions, according to the latest data from Australian research house Strategic Insight (SI).

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Brian Fallow probes National, Labour & NZ First's stances on superannuation

20 Mar 17 - Interest.co.nz: Brian Fallow probes National, Labour & NZ First's stances on superannuation and argues they are too relaxed about the snowballing costs. 

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Liam Dann: Give the baby boomers a break

15 Mar 17 - Baby boomer bashing is here again after the move to raise the superannuation age. Some young people are angry about the 20-year delay in lifting the age limit to 67. It's true baby boomers won't have to deal with the changes.

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Providers go on KiwiSaver guidance green light

13 Mar 17 - InvestmentNewsNZ: Several providers have already relaxed constraints on staff for giving KiwiSaver advice following the release of the regulator’s new guidance note last week, according to Liam Mason, Financial Market Authority (FMA) director regulation.

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KiwiSaver fees: You don't get what you pay for

13 Mar 17 - Stuff.co.nz: KiwiSaver members are being told to forget "you get what you pay for" - higher-fund fees do not deliver better returns. Research organisation Morningstar this month gave ASB its KiwiSaver prize in the Fund Manager of the Year awards.

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FMA criticised for compromising quality

10 Mar 17 - Interest.co.nz: The Financial Markets Authority (FMA) is being accused of bowing to banks’ interests as it attempts to give more people access to KiwiSaver advice.

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NZ Super news this week

10 Mar 17 - A roundup of the week's NZ Super news following the government's move to raise the retirement age to 67.  Find out what the media is saying. 

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Your working life is two years longer

8 Mar 17 - Stuff.co.nz: Tauranga mum Maxine Paterson will be part of the first cohort of New Zealanders who will become eligible for her superannuation after the age of 65, under Prime Minister Bill English's plan revealed on Monday.

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Barriers removed to end KiwiSaver advice drought

8 Mar 17 - Stuff.co.nz: The FMA has released its updated guidance on sales and advice for KiwiSaver providers, which it hopes will give banks and other KiwiSaver providers the confidence to end a national KiwiSaver advice drought.

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Super age lift not enough: experts

6 Mar 17 - NZ Herald: Means-testing and later eligibility for new residents among suggested changes Government should consider, writes NZ Herald political reporter Isaac Davison. 

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Low-cost model better for advisers: Simplicity

6 Mar 17 - Goodreturns: Fund managers charging high fees for their products have kept a lid on what advisers can earn, Simplicity’s managing director said as the provider launched its first non-KiwiSaver funds.

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Women fall further behind in retirement savings race

3 Mar 17 - Stuff: Wanganui woman Rebecca Black is worried about what time out of the workforce is doing to her retirement savings. She and her husband recently tapped into their KiwiSaver accounts to buy a first house.

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Harbour Asset Management named top fund manager of the year

3 Mar 17 - NBR: Independent fund research company Morningstar says Harbour is one of the best stewards of New Zealand investors’ money. It was also a finalist in the domestic equities and fixed interest categories.

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Social impact bonds will one day be in your KiwiSaver

27 Feb 17 - Stuff.co.nz: The launch of the mental health social bond this week marked the birth of a new investment asset class in New Zealand which could one day appear in your KiwiSaver.

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Cullen says it's time KiwiSaver fees fell

27 Feb 17 - Stuff.co.nz: KiwiSaver founder Sir Michael Cullen says it's time for fees to drop. "There is certainly space for KiwiSaver fees to start coming down now that so many of the funds have bulked up substantially," the former deputy prime minister said.

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Cullen calls for annuities

22 Feb 17 - Goodreturns: Former deputy prime minister and finance minister Sir Michael Cullen says the need for an annuity provider to help KiwiSaver members manage their lump sums on retirement is another sign of the scheme’s success.

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Vanguard: 'actively management funds can achieve higher returns'

20 Feb 17 - Interest.co.nz; Vanguard's Dan Newhall makes the case that with the right criteria, investors in actively managed funds can achieve higher returns than market benchmarks.

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Sorted's babybot takes on KiwiSaver

17 Feb 17 - Scoop press release: It’s alive! Artificial intelligence is taking over conversations about KiwiSaver with the launch of a new chatbot.

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The new retirement: work until you drop

13 Feb 17 - NZ Herald: The retirement ideal has undergone more facelifts than an ageing baby boomer. Not so long ago, you might work to 65 and collect a gold watch then enjoy grandkids, a bit of travel and a healthy superannuation.

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Morningstar KiwiSaver survey Dec 2016

8 Feb 17 - Volatility returned to markets in the final quarter of 2016, following the results from the US election. Fixed income markets, listed property, and New Zealand shares all produced negative results, while global equities was one of the few asset classes to shine. As a result, the more defensive KiwiSaver funds posted negative returns, while growth-oriented options were mostly positive.

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MJW's December investment survey released

3 Feb 17 - Melville Jessup Weaver has released its December 2016 Investment Survey. New entrant Simplicity KiwiSaver's growth fund was ranked third amongst 16 funds.

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About us

The Financial Services Council (FSC) represents investment and life insurance companies in New Zealand.

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Contact us

Ph: +64 09 985 5762

Email: fsc@fsc.org.nz

Level 33, ANZ Centre,
23-29 Albert Street, Auckland 1010

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