Generate - Blog

Henry Tongue

Getting KiwiSaver right from the start

Posted in Kiwisaver, Retirement, Savings on Aug 30, 2018

Many people in KiwiSaver schemes don't get the basics right, says Henry Tongue, chief executive of KiwiSaver provider Generate. While their mistakes can seem small today, compound interest means they snowball over the decades. In the long run, they can make a huge difference to your retirement income.

Generate

What happens to your KiwiSaver in a divorce?

Posted in Kiwisaver, Retirement, Savings on Aug 19, 2018

"I'm 30 and separating from my partner of five years. So far, we have been able to agree on the details of the split ourselves. Is it true that our KiwiSavers need to be split between us? And how do you actually do this? I've chosen to contribute more to my KiwiSaver, whereas my partner is more of a spender, so I'm hoping she won't insist on taking some of mine..." For more explaination, read more here

Henry Tongue

Piling up: New Zealanders now have more than $50 billion invested in KiwiSaver

Posted in Kiwisaver, Retirement, Savings on Aug 19, 2018

New Zealanders have collectively got more than $50 billion in their KiwiSaver accounts - 11 years after the scheme was first launched. Figures from actuarial research firm Strategic Insight show the amount of money in the retirement savings scheme rose 4.8 per cent between March 31 and June 30 from $48.5 billion to $50.8 billion. A billion dollars flowed into KiwiSaver over the quarter from contributions while a further $1.3 billion came in from investment earnings and transfers from outside of KiwiSaver. The biggest growth came from KiwiSaver provider Generate, which saw its funds under manag...

Tiffany Xu

Good to see positive steps taken by officials on this issue

Posted in Kiwisaver, Retirement, Savings on Aug 14, 2018

Officials have been asked to look into whether there should be a law change to enable people with certain disabilities to access their KiwiSaver early.

Carl Pheasant

Top Performances from Generate

Posted in Kiwisaver, Retirement, Savings on Jul 30, 2018

Morningstar's latest KiwiSaver survey, to June 30, showed returns bounced back after a tough start to the year. Read more here

Nicola Hines

Retirement boss Diane Maxwell: I wish I'd been better with money when young

Posted in Kiwisaver, Retirement, Savings on Jul 12, 2018

Maxwell says "The problem is trying to talk to young people about 'tomorrow' when every message they are getting is 'today'! We want it now, have it now, if you don't have the money borrow it. You go on social media and everyone has got everything."