KiwiSaver information at your fingertips

FMA has launched a new consumer brochure to help New Zealanders understand the different types of services they may receive when investing in KiwiSaver schemes or considering changing between schemes or funds. The brochure can also help advisers explain their services to their clients.

The brochure describes the three different types of services:

• No advice - provision of information only - no advice is provided;

• Class Advice - advice on what is usually suitable for people in a group or class; and

• Personalised Advice - advice tailored to the client's personal circumstances.

Many advisers only offer one KiwiSaver scheme. The brochure encourages customers to find out if their adviser is able to advise on only one scheme, or can compare schemes.

Understanding the service you receive is a key step to making informed decisions about your money ... READ MORE

Released by the FMA - 14 March 2013