Save / Invest
The Save / Invest pillar aims to get everyone saving and investing. Getting people actively engaged with their personal finances and saving/investing in the short, medium and long term.
For more information about Save / Invest and our other pillars, please download the National Strategy document by clicking the image below.
Fees in dollar figures
New Zealanders can now wise-up about KiwiSaver fees. From 1 April 2018, KiwiSaver fund managers must show fees in dollar figures in their annual statements so members can see at a glance how much they’re being charged each year. This change is the result of joint work by CFFC, MBIE and the FMA to improve the information provided to KiwiSaver members. FMA has been supporting the change with a campaign targeted at young women (who are least likely to look at annual statements) and development of a KiwiSaver Health Checker tool to help them work through four essential questions to ask.
Kiwisaver Fund Finder
CFFC wants the more than 2.7 million New Zealanders in KiwiSaver to see themselves as investors, not savers. That’s why the Kiwisaver Fund Finder was created - to help Kiwis to make smart choices about which Kiwisaver fund suits them best. By grouping the funds into five categories and asking each user about their situation and appetite for risk, the Fund Finder is able to pick the right category of fund for them. The Fund finder then arms them with information on performance of different funds in that category, including the average fees and returns.
The FMA wants Kiwis heading online to get a slice of the cryptocurrency boom to do their homework first. Bitcoins and initial coin offerings (ICO) are among the cryptocurrency services being targeted by the FMA, which aims to educate would-be investors about the risks involved. Cautioning that most exchanges operate exclusively online and are unregulated, the FMA wants New Zealanders to be aware they are unlikely to get their money back if things go wrong. The FMA’s new resources also warn about the high potential for scammers and theft, as well as the volatility of cryptocurrencies.