Savings? That's a laugh, say half of Kiwis
Almost half of New Zealanders are not saving at all, according to a bank survey.
Almost half of New Zealanders are not saving at all, according to a bank survey.
ASB did a beautiful job this week of announcing fee increases for its KiwiSaver funds.
Dwindling prospects for further interest rate hikes by the Reserve Bank this year may stoke interest in corporate bonds.
Nana was right: It's never too late to put a little aside for a rainy day.
While the compulsory element of Australia's super scheme is referred to as an 'employer contribution', the distinction comes down to semantics, history and tax rather than a meaningful description of who bears the cost.
Alllied Nationwide Finance had a debenture reinvestment rate of 29.3pc in May.
Global shares are up 70 per cent since March last year so why are investors feeling down? Investment manager Michael Lang explains the 'ugly maths of finance'.
Some of the worst-performing KiwiSaver funds have attracted the most money, data from Morningstar show.
The chief executive of the Investment Savings and Insurance Association is one of six directors charged by the Securities Commission.
If there was ever any doubt that KiwiSaver has been the saviour of New Zealand's retail funds management industry latest figures have put it to rest.
The boss of state-owned Kiwibank wants people to be compelled to join KiwiSaver, with individual contributions rising gradually over the next decade or two to reach 10 per cent of income.
Kiwibank has launched its own KiwiSaver scheme, promising better disclosure of fees and more direct control by investors.
It's time for the Government to limit taxpayers' losses by winding down SCF.