Industry wary of KiwiSaver changes

KiwiSaver providers are cautiously supportive of changes to make it easier for farmers to buy homes – but would prefer the tinkering with the system stopped.

The Government announced at the weekend that the laws would change so that people who have jobs where accommodation is provided can still use their accounts to buy a house.

The rules have previous required that people withdrawing money for a first home do so with the intention of living in it.

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Longwave aims to smooth the waters

For clients approaching retirement, consistent returns become more important than producing the highest possible returns, and so the Longwave Australian Small Companies Fund aims to deliver consistent returns, according to chief investment officer David Wanis.

Wanis, one of three active investment managers presenting to advisers at Pinnacle Investment Management’s equities roadshow in Wellington this week, said most small cap funds are very concentrated and contain 30 to 40 stocks, but Longwave’s fund contains 110 stocks and employs different investment styles “to smooth out the journey for our clients.”

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FMA calls for innovation to drive financial advice uptake Wednesday, March 25th, 5:43PM  7 comments The Financial Markets Authority (FMA) is calling for Financial Advice Providers (FAPs) to innovate to encourage more consumers to use their services to improve their financial wellbeing. MORE»

What KiwiSaver changes do managers agree on? Tuesday, March 24th, 6:09AM  3 comments Prime Minister Christopher Luxon told the recent FSC Outlook come to us with your five best ideas and let's see what we can do. So Good Returns asked some fund managers for their top five KiwiSaver change ideas. MORE»

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Industry wary of KiwiSaver changes

KiwiSaver providers are cautiously supportive of changes to make it easier for farmers to buy homes – but would prefer the tinkering with the system stopped. MORE»