Is New Zealand ready for a DIY KiwiSaver?

A DIY Kiwisaver scheme could entice those who like a hands-on approach. (Image: Unsplashed)

Tue, 13 Jul 2021

DIY investment platform Stake wants to bring its self-managed super fund product to New Zealand and is encouraging decision makers to put the option on the table.Stake is testing a self-managed retirement scheme in Australia which allows customers to pick their own stocks and wants to implement it in NZ as well.The platform charges an administration fee and a 1% currency conversion fee when depositing and withdrawing funds. About 100 customers have signed up, with an average age of 37 and a balance of A$100,000.A report commissioned by the Fina...

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