
KiwiSaver double whammy hitting retirees and first-home buyers alike
Seeing a home deposit or a retirement nest egg go backwards in value can be stressful.
Stories and analysis from The Northern Express Herald.
Members will have to opt-in to get exposure to the new funds.
Employers can currently use a total remuneration approach for KiwiSaver contributions.
Inland Revenue says it is prioritising fixing the issue.
The most expensive balanced fund is almost 10 times that of the cheapest.
Share markets have slumped but without a big single-day fall to grab headlines.
OPINION: Some are more environmentally sound than others.
More than $88 billion is now invested in KiwiSaver funds.
Kiwi Wealth has about $9 billion in assets under management.
The NZ share market has fallen about 11 per cent in the last year.
Making different choices can maximise your retirement nest egg.
Morningstar research looked at the performance of funds over the last 5, 7 and 10 years.
Panel discussion comes a day after Government indicates it is looking to make tweaks.
Commerce and Consumer Finance Minister David Clark has foreshadowed more change.
The number of default providers will drop from nine to six.
New Zealand's index value decreased from 68.3 in 2020 to 67.4.
Police have lost an appeal to seize fraudster Joanne Harrison's KiwiSaver funds.
Joanne Harrison defrauded the Ministry of Transport of just over $780,000.
More than 21,000 members will transition to Fisher Funds.
The move follows that of BNZ, Westpac and AMP.
"It's very powerful to save even quite small amounts over long periods," says Mary Holm.
The move by AMP follows Westpac's fee cut announcement last month.
Darling Group grows avocados, kiwifruit, blueberries and citrus in New Zealand.
The strong rise in sharemarkets has helped boost returns for Milford.
The fees will be changed from the end of September.
On losing its default status and its massive growth.
The exclusion has been described as narrow.
Australia is set to move its rate up from 9.5pc to 12 per cent over the next four years.
But there is no firm timeframe on when it will it will happen.