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  1. #31
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    As kiwisaver matures we will get more flexibility and more options.
    You make your own luck.

  2. #32
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    Well looks like it is not kiwisaver that has been boosting nz shares. More super fund & overseas managed funds maybe.
    http://www.nzherald.co.nz/business/n...ectid=10861481

    I think maybe having a lot in bonds is not going to return much so shares could be better, turning to cash at some stage.

  3. #33
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    Tumeric probably the same as banking they stuffed most things up by going with national bank web site instead of the excellent ANZ one. What a balls up probably just just shifted the balance & not the details.
    Possum The Cat

  4. #34
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    Quote Originally Posted by turmeric View Post
    A little anecdote regarding my experience with Onepath:
    So I am a full time student and therefore do not contribute a whole lot to my kiwisaver fund via contributions taken from my wages. As a result every year I get in touch with my provider to get a financial year to date summary to determine how much money I will need to deposit to make sure I get the full government contribution for the year (the member tax credit).
    This year I was a little early in making my call to Onepath (my new provider as of this time last year). Long story short , the Lady I spoke to said she wasn’t able to give me this summary, rather she would send me via post a document containing all the transactions made in my Kiwisaver funds this financial year (roughly a 20 page document) and I should add them all up. I told her that there was no way I wanted to add up 20 pages of numbers, her reply was “neither do we”!!
    I said to her surely as the provider surely she should be able to provide me these details. She put me on hold, talked to her supervisor, and came back and said the information would be in the mail. I said, great, but I wanted to confirm that the information I wanted would be in there, summarised as I had requested. She said” yup it will be there”. Sure enough 5 days later I received a 20 page document with NO summary.
    I have since called again and made an official complaint. One path have NOT made contact with me. I am, on principle now looking for a new provider. One that on the surface at least gives 2 sh#ts about me as a customer and one that knows what they are doing!
    Any recommendations on good providers??
    Tumeric I have my children with One Path and my wife and I are with Gareth Morgan Kiwisaver. While the returns have been slightly higher for One Path so far, the GMK program has a great and very informative website and great support staff. One Path's reporting and information is pathetic in comparison. Just my 2 cents worth on their reporting and not meant to be recommending any particular service providers as investment choices.

  5. #35
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    Quote Originally Posted by iceman View Post
    Tumeric I have my children with One Path and my wife and I are with Gareth Morgan Kiwisaver. While the returns have been slightly higher for One Path so far, the GMK program has a great and very informative website and great support staff. One Path's reporting and information is pathetic in comparison. Just my 2 cents worth on their reporting and not meant to be recommending any particular service providers as investment choices.
    I have heard Gareth morgan is good.

    I also like Superlife. You can login and see your balances and returns for any time period.
    You make your own luck.

  6. #36
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    Have you logged on to your kiwisaver part of the IRD. All transactions through your pay are there, even if a bit delayed.

  7. #37
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    I just use asb what does everyone think of them. Who has the highest return and is the most stable.

  8. #38
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    Quote Originally Posted by tosspot View Post
    I just use asb what does everyone think of them. Who has the highest return and is the most stable.
    I don't like the bank kiwisaver providers. You are better of to choosing a specialist investment manager.
    You make your own luck.

  9. #39
    Member RazorX's Avatar
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    If knowing where your money is invested, and very clear easy to read reporting are important to you then Gareth Morgan is the place to go. Might not have the highest return in the market, but I think their investment decisions are sound and are less likely to take a massive hit when the market downturns. (Which it will)

    The other two I'd consider are Milford and Superlife kiwisavers.

    (Disc I'm with Gareth Morgan)
    Last edited by RazorX; 12-03-2013 at 06:16 PM.
    "Contrariwise", continued Tweedledee, "If it was so, it might be; and if it were so, it would be; but as it isn't, it ain't.
    "Today is already the tomorrow which the bad economist yesterday urged us to ignore" H Hazlitt

  10. #40
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    Quote Originally Posted by lou View Post
    I don't like the bank kiwisaver providers. You are better of to choosing a specialist investment manager.
    Do you mind elaborating. would be great if you had a chart or something with the returns and whatnot each provider provides

  11. #41
    Legend minimoke's Avatar
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    Why am I not surprised no refernce had been made to this: http://www.morningstar.co.nz/s/docum...rvey130122.pdf

  12. #42
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    Does anyone have a view on how this new Kiwisaver provider Generate will go? http://www.generatekiwisaver.co.nz/

    They invest only in hedge funds. Just an excuse to charge higher fees or could they be onto something?

  13. #43
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    Well its been great to read all these threads. Progress report , i still havn't signed up with any one; but right now am enjoying the effects of a single gin and tonic. Wasn't long ago i could not drink at all due to Gerd symptons so just one is having the effect of half a bottle. Im 58 so prob would pay to participate. Anywhichway my bro sent me this;"Dark matter is love and, love matters.

  14. #44
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    Quote Originally Posted by Anonymous View Post
    Does anyone have a view on how this new Kiwisaver provider Generate will go? http://www.generatekiwisaver.co.nz/

    They invest only in hedge funds. Just an excuse to charge higher fees or could they be onto something?
    There fees seem very high for what they are doing. They take a 1% management fee and they are not directly managing your money. They are investing with other managers who will be charging fees as well.
    You make your own luck.

  15. #45
    Legend minimoke's Avatar
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    Quote Originally Posted by turmeric View Post
    Hi there, firstly thanks everyone for the helpful advice. Secondly, re the Morningstar report minimoke, Ive read these a few times before, just checking though, is Morningstar's report typically the best out there in profiliing all the providers and their returns? Cheers.
    I don't know about the best, but as far as I'm aware its pretty much the only one that attempts to compare apples with apples. There are so may providers with so many different fee structures with a variety of investment options and fund sizes its not an easy task. As they always say with these types of reports (an the individual provider reports) "past performance is no guarantee of future performance"

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