Blog

Sam Gapes

Sam Gapes

Don't panic - your KiwiSaver will outlive Trump's presidency

Posted on

KiwiSaver investors are being urged not to panic in the face of wild swings on world financial markets, following Donald Trump's victory in the US presidential election. Wall Street gained ground this morning, after yesterday's selloff on the New Zealand, Australian and Asian markets. But the experts say the volatility is likely to last for months. The Commission for Financial Capability says investors should not lose sight of their long-term savings goals.

View more
Jeremy Thomas

Jeremy Thomas

Age appropriate KiwiSaver with 'life stages'

Posted in Kiwisaver on

Generate's new 'life stages growth' option has been featured in an article from Stuff. "By offering life stages growth we think we can meet a demand that is not currently being catered for. "We estimate a 30-year old using life stages growth will have approx 10 per cent more at retirement than ordinary life stages." "This could translate into tens of thousands of additional dollars by retirement."

View more
Henry Tongue

Henry Tongue

Social responsibility a rising priority for funds

Posted in Kiwisaver on

SRI is a generic term that combines the financial objectives of investors with environmental, social and governance (ESG) issues. This is based on the concept that companies which place a great deal of importance on ESG issues will achieve superior financial returns. The problem with implementing SRI is that we all have a different view of how the world can be improved. Many investors do not want to support certain products, including armaments, tobacco, alcohol and gambling facilities, while others are concerned about a number of broader issues including the impact of businesses on the environment and the widening gap between senior executive remuneration and wage earners.

View more
Nicola Hines

Nicola Hines

KiwiSaver guidelines needed

Posted in Kiwisaver on

Recent media reports could give the impression that KiwiSaver has major problems, particularly fee gouging and illegal investment strategies. KiwiSaver should be subject to media scrutiny but most of the recent commentary has been sensationalist and misguided. The retirement savings initiative has been a huge success, partly because individuals have personally contributed only $13.7 billion to a scheme that is now worth $35.1b according to Reserve Bank figures.

View more
Sam Gapes

Sam Gapes

Why are KiwiSavers saying no to money?

Posted in Kiwisaver on

Figures from the Inland Revenue department show 579,832 adults did not receive any government subsidy in the year to June 30 meaning they put no money into their account. A further 609,141 put in some money but not enough to gain the full subsidy meaning they contributed less than $1043 over the year.

View more
Generate

Generate

Generate’s New Product Disclosure Statement

Posted in Kiwisaver on

We have recently lodged a Product Disclosure Statement (PDS) on the Disclose Register, which you can view here: www.business.govt.nz/disclose. As part of transitioning to the Financial Markets Conduct Act this PDS will replace our current Investment Statement from 8 September 2016. Members will receive more information about this in the near future. Kind regards, The Generate Team

View more
Ryan Edwards

Ryan Edwards

Wonderfully Flawed

Posted in Kiwisaver on

Many more of us should be getting the $521 each year that we're entitled to if we put in $1,043 ourselves. Over the next year that works out to putting in a bit more than $20 a week in order to get $10 on top of that. Those of us who do this regularly - such as anyone earning at least $34,762 a year and putting in the minimum 3% - are already getting the government money. Nothing more to do. But if we're on a contributions holiday, or if we're in part-time work or self-employed, we could miss out.

View more
Henry Tongue

Henry Tongue

Estating case for getting HomeStart Grant

Posted in Kiwisaver on

Lawyer Therese Singleton, AMP's general manager of insurance and investments, says an estate in land includes bare land (upon which to build) or a land and building. "A KiwiSaver first-home withdrawal can be used to purchase either," she says.

View more
Sam Goldwater

Sam Goldwater

Brian Gaynor: KiwiSavers throw away thousands of dollars

Posted in Kiwisaver, Savings on

The latest KiwiSaver data clearly shows that the scheme has been a phenomenal success with one notable exception: a large number of scheme members are receiving no advice or poor direction and are in the wrong funds. As a consequence, these investors are throwing away tens of thousands of dollars of potential retirement savings.

View more
Henry Tongue

Henry Tongue

Generate KiwiSaver Scheme Investment Provider of Year

Posted in Kiwisaver on

The Generate KiwiSaver Scheme has been awarded Investment Provider of the Year for the second year running. At the Professional Advisers Association Excellence Awards held yesterday the Generate KiwiSaver Scheme won the Investment Provider of the Year for the second year running. Advisers were asked to rate investment providers, not only on performance but also on the quality of communications and investment statements, services and education to clients, and support to advisers.

View more