With so many KiwiSaver schemes to choose from that’s a good question.
The 5 year returns shown are the average for each fund type per annum (p.a.) from sorted.org.nz Fundfinder 01/04/11 to 30/06/16. Defensive 2.94%, Conservative 5.25%, Balanced 6.92% and Growth 7.65% p.a. The 5 year average returns are used for illustrative purposes only and during this time period there has been a bull market in equities so these returns may be higher than usual. Assumptions are that you remain employed and contributing 3% p.a. of your before tax pay or self-employed contributing continuously until you reach retirement at age 65. If employed your starting balance is assumed to be $12,500 and your salary is assumed to grow by 3% p.a. Your employer puts in 3% p.a. less Employer Superannuation Contribution Tax. If self-employed you begin contributing ($20 p.w.) $1,042.86 p.a. which is assumed to increase by 3% p.a. Inflation is assumed to average 2% p.a. The table above does not reflect the prospective performance of the Generate KiwiSaver Scheme or of any Fund. The returns are subject to investment and other risks (including potential losses). No returns are guaranteed or assured, and returns can at times be negative, particularly given the length of the investment period shown in the illustration. Past performance is not necessarily an indicator of future performance and returns over different periods may differ.
I am a knowledgeable local investor. Wanting something more from my KiwiSaver provider… I chose Generate. They have delivered with a first class service, regular contact and reporting.
Jarrod - Generate KiwiSaver Member
Thanks for the advice. I understand KiwiSaver now!
Jeremy - Generate KiwiSaver Member
I never gave KiwiSaver a second thought once I enrolled five years ago at my job. Not really understanding what it meant to be in the ‘default conservative fund’ my funds slowly grew to $18,000. Last month I changed to a ‘Growth’ fund with Generate KiwiSaver; based on my age and time left in the workforce I should never have been in a conservative fund in the first place. Now I simply can’t wait to get my next yearly statement to see how much my investment has grown!
Ingrid - Generate KiwiSaver Member
Many thanks to the Generate team for their outstanding service. Their advice from the beginning has been sound and is easy to understand. Signing up is seamless and the monthly newsletters I receive are really informative. It's reassuring to know my funds are in ‘safe hands’.
Phil - Generate KiwiSaver Member
Thank you for your excellent service. Your service, followup & feedback to customers is the best.
Eugene - Adviser
Virtually all people I sign up as first-time KiwiSavers are generally blissfully unaware of the specifics of KiwiSaver – the MTC, employer contributions, etc. Other existing KiwiSaver members generally know who their provider is, but that’s about all. So I offer a service to these people where they can gain a new knowledge about their entitlements.
Garry - Adviser
Emma has a Generate Kiwisaver and said to me that your service has been amazing. Thank you for looking after my client so well - I really appreciate it.
Sangita - Adviser
Nothing is ever a problem.
Brendon - Adviser
From my point of view, it’s the support, and assistance from Generate that is the key. Although Generate has some great features such as its Life Stages option and being Kiwi owned and operated, it’s the people contact with the team that make this work.
Peter - Adviser
Thanks for arranging for Jeremy to visit us to give a presentation on KiwiSaver. As you will know, he is an accomplished speaker and a good salesman. My staff found the presentation both thought provoking and very informative. I’m sure several will join Generate. Every contact that I’ve had with Generate over the last couple of weeks has been very positive and professional. Keep the good work going!!
Peter - Dental Practice Owner
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
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 TeamView more
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