Video | Agriculture | Confidence | Economy | Energy | Employment | Finance | Media | Property | RBNZ | Science | SOEs | Tax | Technology | Telecoms | Tourism | Transport | Search


National Capital Reaches $30 Million In KiwiSaver Funds Under Advice

National Capital launched in 2018, ending that year with $173,00 KiwiSaver funds under their advice. Just a few years later, they’ve now reached a milestone of $30m funds under advice.

This means they’re well on track to reach their goal to provide 100% independent unbiased KiwiSaver advice to 1 million kiwis. National Capital attributes much of its growth to referrals from their existing client base, and expects this growth to accelerate.

“We expect to reach a hundred million of funds under advice soon. The amount of money we are advising on is simply a reflection on the number of Kiwis who are making an active and educated choice on how to invest their money,” says Clive Fernandes, director of National Capital.

“Word of mouth is very important to us, so we are thankful to our clients who are recommending us to friends and family. It’s reassuring to know that people are having more conversations about their finances with those around them and are making better decisions for themselves and their future by doing so, ” says Clive.

National Capital research now covers more than 200 KiwiSaver funds, including award-winning funds from Milford, Fisher and Booster. These funds are across thirteen different providers, another figure that keeps growing, giving KiwiSaver members more options in where to invest. Kiwis looking to see if they’re in the right fund can complete National Capital’s KiwiSaver HealthCheck.

Clients only need a few minutes to fill it out and answer questions to establish what their needs are and the amount of volatility they are prepared to endure in their KiwiSaver accounts, information National Capital advisers use to recommend the most appropriate fund and provider for the clients.

“We’re happy to see that many Kiwis are realising they have a choice in where their money is invested and are finding an accessible platform to seek advice from” says Clive. He also notes that the ease of the KiwiSaver HealthCheck is another important factor in their growth and that it encourages those who may not have thought to seek advice or explore their KiwiSaver options.

© Scoop Media

Business Headlines | Sci-Tech Headlines


Electricity Authority: Review Of Competition In The Wholesale Electricity Market Raises Questions

In March 2021 the Electricity Authority announced it would conduct a review into competition in the wholesale electricity market. The period of the review covers the sustained elevated electricity prices since an unplanned outage at the Pohokura gas facility in Spring 2018... More>>

Government: RSI ‘State Of The Nation’ Report Published
latest research, science and innovation system report card is now available, and outlines how the system is performing, Research, Science and Innovation Minister Megan Woods has announced. “The report seeks to increase transparency, act as a reliable data source and stimulate discussion... More>>

Fonterra: Increases 2021/22 Forecast Farmgate Milk Price

Fonterra Co-operative Group Limited today increased and narrowed its forecast Farmgate Milk Price range to NZD $7.90 - $8.90 per kgMS, from NZD $7.25 - $8.75 per kgMS. The midpoint of the range, which farmers are paid off, has increased to NZD $8.40 per kgMS, from NZD $8.00 per kgMS... More>>

Pamu & Westpac: Market-leading Sustainability-Linked Loan

Westpac NZ and Pāmu have signed New Zealand’s most comprehensive Sustainability-Linked Loan to date, also the largest in the agricultural sector, and the first involving a state-owned enterprise. Pāmu, also known as Landcorp, is New Zealand’s biggest farming business. It will borrow $85m from Westpac NZ over three years... More>>

Retail NZ: Some Good News In COVID Announcements, But Firm Dates Needed

Retail NZ is welcoming news that the Government is increasing financial support for businesses in light of the ongoing COVID-19 lockdown, and that retail will be able to open at all stages of the new “Covid Protection Framework... More>>

ComCom: Companies In Hot Water For Selling Unsafe Hot Water Bottles And Toys

A wholesaler and a retailer have been fined a total of $140,000 under the Fair Trading Act for selling hot water bottles and toys that did not comply with mandatory safety requirements. Paramount Merchandise Company Limited (Paramount) was fined $104,000 after pleading guilty in the Manukau District Court... More>>