KiwiSaver highly competitive with much larger Aussie and British peers

KiwiSaver fees are “highly competitive” with the fees charged by much larger Australian and British peers, according to analysis by Deloitte Consulting Australia commissioned by Generate KiwiSaver.

It also found that the fees charged on default KiwiSaver funds are on average lower than the fees charged to members of similar default fees in Australia and Britain.

The analysis found the was “a weak relationship” between the sizes of funds and the total fees paid.

“Due to the lower average fees and significantly lower funds under management (FUM) that characterises the New Zealand ...MORE»

NZ sharemarket flat amid international turmoil Monday, July 15th, 6:22PM The New Zealand sharemarket opened the week on a flat note, and heavyweight Mainfreight was pegged back on profit-taking after a strong run. MORE»

Another lean year for Salt, Mint and NZ Funds Management Friday, July 12th, 6:15AM The year ended March 2024 looks like another lean one for fund managers if the results of three managers lodged with the Companies Office are any guide. MORE»

[GRTV] Rick Willis shares MDRT secrets

MDRT country chair Rick Willis led one of the biggest contingents of New Zealand advisers to the association's annual meeting in Vancouver last month. He talks to GRTV about the trip and how MDRT changed his life.

Premier global adviser association MDRT is on a roll in New Zealand with membership growth growing 30% in the past year.

Willis says MDRT New Zealand has a vry active executive and Christchurch-based adviser Brian Burgess has risen up the ranks of the organisation to be the Oceania chair.

Last month 42 New Zealanders went up to Vancouver for the four day MDRT annual meeting. Willis says it's ...MORE»

Assets trump salary for Kiwi investors Tuesday, July 9th, 1:43PM As long term wage growth falls behind the cost of living, New Zealand investors are looking to financial markets to build wealth, says a report by Australian investment platform Stake. MORE»

Treasury outlines likely costs of financial institution failures Monday, July 8th, 7:03AM The most likely type of financial institution to fail and require the new deposit guarantee scheme to kick in would be of a non-bank deposit taker and would be likely to cost between $800 million and $1 billion up front, with recoveries likely to reduce the cost to between $100 million and $400 million. MORE»

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[GRTV] What needs to change with KiwiSaver

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KiwiSaver highly competitive with much larger Aussie and British peers

KiwiSaver fees are “highly competitive” with the fees charged by much larger Australian and British peers, according to analysis by Deloitte Consulting Australia commissioned by Generate KiwiSaver. MORE»