Protecting and helping families since 1985

KIWISAVER – update from the FMA (Financial Markets Authority)

The FMA has released it’s latest KiwiSaver update saying that over 2 million people are now in KiwiSaver but that;

• 23% of members were in default schemes
• Approximately 47% of all funds were invested in conservative investment funds

The FMA wants people to look at their KiwiSaver fund strategy to ensure they maximise their retirment income. Conservative Funds are unlikely to be appropriate for most members.

Nearly all the 23% still in a default fund will be unaware of their investment strategy or even who they are with.

Only an ‘Authorised Financial Adviser’ can help with that, so ring Mike Bennett (AFA)  on 0800 226 765 or email me via this website to discuss your KiwiSaver strategy.

Mike Bennett

In 1985, after 7 years in the banking industry in NZ & London, Mike Bennett joined the Life Insurance Industry as an adviser. In 2001 he started “Acorn Insurance & Investment Ltd” with the key principle; “to satisfy the insurance and investment needs of New Zealanders with the best products and service possible”. To achieve the guiding principle of “best products and service” the “Acorn” uses various industry research tools to identify the best products and prices to meet our client’s needs. Acorn has agencies with most of New Zealand’s major insurance companies which means we are free to use whichever products best meet our client’s needs. Believing that if we get it right for our clients we will achieve win-win solutions. We also recognise that nearly all insurance solutions are a compromise between the benefits you’d like to have versus the premiums you’re prepared to pay – with this in mind we WON’T be trying to sell you more insurance than you need or want !!


  1. Hey Mike, that’s a cool comment about KiwiSaver, thanks.
    You do some interesting posts

  2. I’m gone to convey my little brother, that he should also go to see this website on regular basis to take updated from hottest news.


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