By: Tamsyn Parker
Money Editor, NZ Herald
Retirement savings scheme KiwiSaver is to undergo a raft of changes next year if they get the thumbs up from politicians.
A bill introduced to Parliament last Thursday proposes to allow people over the age of 65 to join KiwiSaver and would scrap the requirement for people over 60 to be in the scheme for a least five years before they can get their money out.
Those changes could come into effect by July 1 next year.
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David Linklater - Stuff - June 20 2018
The great Kiwi insurance tradition of free windscreen replacement is under threat thanks to the high cost of new safety technology, according to one industry expert.
One company, Vero, is set to remove free cover for windscreens following a similar move in Australia. Others are likely to follow.
By Rebekah Swan
It’s great to see that more and more New Zealanders are embracing the concept of responsible investing, with record growth in this type of investment over the past year. This is the finding of the latest Benchmark Report released by the Responsible Investment Association Australasia (RIAA) which showed ‘core’ responsible investment in New Zealand increased from $1.6 billion in 2015 to $42.7 billion at the end of 2016.
Simon O’Connor, CEO of RIAA, also shared some Morningstar data which showed that sustainable investment globally has increased from $18 trillion to $23 trillion between 2014 and 2016. That means around a quarter of all professionally managed assets globally are done so with some form of sustainable focus. Click here to read more.
The Press - Martin Hawes - 23 May 2018
The toughest thing in all of finance is to take a lump sum and turn it into a steady, dependable income.
Retirement means going from having a paycheck every second Thursday to investing your savings to live on, and that's not easy.
Income from savings to live in retirement is hard because the economy may do anything over the 20 or 30 years of retirement. We may have inflation, deflation, recessions, a depression, a credit crunch etc.
Financial adviser and author Martin Hawes believes KiwiSaver is a tool people can use after they stop work to help turn their nest eggs into retirement income.
The first eight months of 2017 have seen global markets continue to go up at a surprisingly consistent rate. However, most investors, particularly those in growth or high growth investments, will be aware that equity markets rarely experience such blissful performance without some form of volatility. This has led many commentators to opine that markets are at record levels and therefore they are primed for a significant sell off. While in growing markets, corrections happen from time to time, they are healthy part of market cycles, and history suggests that record highs are not as uncommon as many investors think.
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