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Carl Pheasant

Carl Pheasant

Generate KiwiSaver continues strong performances despite volatile 2018

Posted in Kiwisaver, Retirement, Savings on

While 2018 was a volatile year for KiwiSaver funds, all three Generate funds performed strongly versus the competition over the year and the past five years, according to leading investment research provider Morningstar.

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Jeremy Thomas

Jeremy Thomas

Key changes to KiwiSaver start kicking in from April

Posted in Kiwisaver, Retirement, Savings on

Important KiwiSaver changes have come into force, enabling far greater choice and flexibility for KiwiSaver investors. From April 1, 2019, KiwiSaver members will have two additional contribution rates to choose from – 6 per cent and 10 per cent of gross salary – in addition to the current 3 per cent, 4 per cent and 8 per cent options. (NB: employers will still be required to make a minimum contribution of 3 per cent of gross salary). Renaming the Contributions Holiday to Savings Suspension and reducing the maximum period from 5 years to 1 year (renewable on application) – this allows members to temporarily cease their contributions, although this also means no government or employer contributions, as relevant. Changes also included renaming of the Government Contribution (formally known as Member Tax Credits).

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Nicola Hines

Nicola Hines

The pros - and cons - of bringing your Aussie superannuation home.

Posted in Kiwisaver, Retirement, Savings on

If you've worked across the ditch at any point during the last 27 years, you almost certainly have some Australian superannuation. Having returned to God's own country, you might be wondering whether you ought to repatriate your retirement funds. First you have to figure out how much dosh you have, and where it is. Kiwis are sitting on billions of dollars of 'lost' super, which is sucked into the black hole of the Australian Taxation Office (ATO) whenever providers lose touch with members. You can contact the ATO to find out if it's holding money in your name, along with the details of any accounts that are still up and running.

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Sam Goldwater

Sam Goldwater

Generate not invested in gun manufacturers.

Posted in Kiwisaver, Retirement, Savings on

We can confirm that the portfolios currently do not hold any gun manufacturers directly or through the underlying managers. Some of the underlying managers have small positions in conglomerates (Boeing and Airbus, Rolls Royce and General Electric) that generate a portion of their revenues from defence businesses (e.g. military aircraft and related products), but the majority of revenues generated by these conglomerates are from their better known civilian businesses. Generate’s Responsible investment policy excludes direct and underlying Fund investments into companies involved in: Cluster munitions; Anti-personnel mines; Chemical weapons; Nuclear weapons; Whaling; or Manufacture of tobacco. As part of this policy, we regularly check that the underlying managers do not hold companies in breach of our policy. The policy can be found here for further details.

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Sam Goldwater

Sam Goldwater

December was a downer but dynamic duo defeat KiwiSaver depression

Posted in Kiwisaver, Retirement, Savings on

Just two of the 13 largest KiwiSaver providers eked out positive net growth over the tough December quarter, likely buoyed by new member transfers rather than investment returns. According to the latest data from Australian research house Strategic Insight (SI), Generate KiwiSaver was one of two providers that saw funds under management (FUM) grow during the three months up to December 31 last year, up 2.6 per cent – also jumping above $1 billion for the first time.

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Henry Tongue

Henry Tongue

Our thoughts and deepest sympathies are with the victims of the Christchurch shootings and their families.

Posted in Kiwisaver, Retirement, Savings on

Our thoughts and deepest sympathies are with the victims of the Christchurch shootings and their families. We would also like to acknowledge the bravery of the NZ Police and paramedics involved.

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Sam Goldwater

Sam Goldwater

Median KiwiSaver balances rose 62% over three years

Posted in Kiwisaver, Retirement, Savings on

March 12 (BusinessDesk) - The median value of KiwiSaver nest eggs grew to $13,000 at June 30 last year, up 62 percent or $5,000 from three years earlier, Stats NZ says. The growth reflects employee, employer and government contributions as well as any investment gains.

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Henry Tongue

Henry Tongue

Generate fastest growing KiwiSaver over last 11 quarters

Posted in Kiwisaver, Retirement, Savings on

Thanks to all those members who have joined Generate over the last eleven quarters. We hope we have repaid your trust with the top performance rankings achieved and service. In the latest Workplace Savings NZ Report Generate has been the fastest (%) growing KiwiSaver Scheme in their league tables, by funds under management, in each of the last 11 quarters.

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Henry Tongue

Henry Tongue

Generate ranks 1st, 1st and 3rd for 2018

Posted in Kiwisaver, Retirement, Savings on

The latest Morningstar KiwiSaver Survey has been released. While 2018 was a volatile year for KiwiSaver funds, all three Generate funds performed very strongly versus the competition. Ranking 1st, 1st and 3rd in their respective categories for 2018 and 1st, 2nd and 3rd over the past five years. As a New Zealand owned and operated KiwiSaver specialist we are delighted to have achieved these results for our members. The results are measured on a net return after fees are paid basis. This means not only great relative performance but - importantly - excellent value for money.

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Nicola Hines

Nicola Hines

Brian Gaynor: "Why Aussies are winning the retirement race"

Posted in Kiwisaver, Retirement, Savings on

A major Australian Productivity Commission report on superannuation presents an opportunity to compare retirement savings on both sides of the Tasman. Unfortunately, the comparisons are not flattering — New Zealanders have private superannuation assets of only $17,100 per capita compared with A$111,300 ($118,400) per capita in Australia. Why do New Zealanders have significantly less retirement assets than Australians and how can we reduce this massive gap?

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