A Karaka homeowner says cladding on his new $1.27 million home makes 'shotgun' sounds,
Nicola Willis has delivered her 2025 Budget, which includes changes to KiwiSaver contributions and a new investment boost scheme. Video / NZ Herald
Tourism Holdings had to rush thousands of camper vans across the Canadian border to circumvent reciprocal tariffs. Now, it's warning of major US tourism setbacks.
Nicola Willis' post-Budget event in Wellington.
Angela Beer, owner of Pets and Pats, was sentenced today for repeated breaches of RMA at doggy daycare which was operating at Dairy Flat. Video / Sylvie Whinray, supplied
World's most famous rugby player, Ilona Maher, touches down in Tāmaki Makaurau to play the Black Ferns. Video / Sylvie Whinray
Debt Deal of the Year was one of 15 awards presented at the annual finance industry awards held in Auckland on May 13.
'He was always very polite,' says Mum of intrepid cinematographer Jacob Bryant. 'Which, I guess, is what saved his life.'
Tom Cruise's Mission: Impossible - The Final Reckoning is in cinemas now
Young New Zealanders give their thoughts on the Government's Budget 2025 and how it will impact them. Video \ Jason Dorday
Chris Hipkins wants to reverse the changes, but won't commit to a dollar figure.
Charlie Davies-Carr is now 19 years old and studies law at university. Video / ZM
KiwiSaver cut, Best Start means-tested, $6.6b for business. Nicola Willis' Budget aims for growth but she warns of slow wages and high unemployment. Video / Mark Mitchell
Debt is projected to increase by $60 to $70 billion over the next five years. Video \ Mark Mitchell
Ryan Bridge and an expert panel break down Budget 2025
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Generate Accelerates Growth With Another Impressive Quarterly Result
Generate has once again delivered standout performance for its members, with all three of its original KiwiSaver funds ranking in the top three for 10-year returns, according to the latest Morningstar KiwiSaver Survey (to 30 June 2025) [1]. The Generate Moderate Fund ranked 1st out of 14 funds for 10-year returns to 30 June 2025 – with a 5.7% annualised return. It's been in 1st place every quarter it's been eligible since June 2023. The Generate Growth Fund ranked 2nd out of 14 funds for 10-year returns to 30 June 2025 – with a 8.5 % annualised return. It's been in the top three for 10-year returns every quarter it's been eligible since June 2023. The Generate Focused Growth Fund ranked 3rd out of 8 funds for 10-year returns, to 30 June 2025 – with a 9.2 % annualised return. It's held one of the top three spots on the podium for 10-year returns every quarter since June 2023. These consistent results reinforce Generate's commitment to long-term performance, a key reason more Kiwis are joining the scheme every day. That matters more than ever, as Kiwis become increasingly discerning about their KiwiSaver accounts and more educated on the importance of strong, consistent returns. This shift is also reflected in industry trends. In the most recent financial year, Generate was the second most popular provider by dollar amount of funds transferred in [2] — a clear sign of growing trust and a move away from big-bank providers towards independent specialists like Generate. As well as prioritising performance, Generate is also committed to superior customer experience and empowering its members with good advice. It's been awarded the prestigious Consumer NZ People's Choice Award for KiwiSaver for the past four years, and named a Reader's Digest Trusted Brand for the past three. About Generate: Generate is an award-winning New Zealand-owned KiwiSaver and wealth manager, with an exceptional long-term track record of fund returns. For the fourth year running Generate has been awarded the prestigious Consumer NZ 'People's Choice for KiwiSaver'. Generate has a strong focus on educating and empowering its customers and has over 82% of members' KiwiSaver funds in growth funds versus the market average of 47%. It currently manages ~$7.7bn on behalf of 172,000 customers. Disclaimers: (1)Morningstar KiwiSaver Survey June Quarter End 2025. © 2025 Morningstar. All Rights Reserved. The information contained herein: (1) is proprietary to Morningstar and/or its affiliates or content providers; (2) may not be copied, adapted or distributed; (3) is not warranted to be accurate, complete or timely; and (4) does not constitute advice of any kind, whether investment, tax, legal or otherwise and 5) has been prepared for New Zealand wholesale clients of Morningstar Research Ltd, subsidiary of Morningstar, Inc and is not intended for New Zealand retail clients. Neither Morningstar nor its content providers are responsible for any damages arising from the use and distribution of this information. Past performance is no guarantee of future results. The issuer is Generate Investment Management Ltd. A copy of the Generate KiwiSaver Scheme Product Disclosure Statement and advertising disclosures are available at Past performance does not guarantee future returns. Investment involves risk and returns can be negative as well as positive.
RNZ News
12 hours ago
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KiwiSavers may be missing out on crypto currency returns, digital investment firm says
KiwiSavers may be missing out on bigger returns offered by crypto currencies with many advisors reluctant to recommend them to clients. Swyftx analysis suggests under-diversified KiwiSaver portfolios are limiting retirement outcomes for thousands of New Zealanders. Photo: 123rf KiwiSavers may be missing out on bigger returns offered by crypto currencies with many advisors reluctant to recommend them to clients. Analysis by digital investment platform Swyftx suggests under-diversified KiwiSaver portfolios were limiting retirement outcomes for thousands of New Zealanders. Swyftx chief executive Jason Titman said if a typical KiwiSaver member had invested $36,500 in Bitcoin over the past decade, equivalent to $10 a day, they would now hold a portfolio worth about $2.8 million. "It's a clear example of the opportunity cost facing retirement savers when portfolios remain too narrow," he said. "Diversification into digital assets, even at a small allocation, could dramatically shift long-term outcomes for many Kiwis." Titman said New Zealand was lagging behind pension funds in countries like Canada, Germany and Singapore, which had been integrating crypto and other digital assets into broader retirement strategies. "Digital assets are now a mainstream component of diversified investment portfolios internationally, yet New Zealand advisers are lagging in both adoption and education," he said. "We know that the current financial education gap in New Zealand is significant, however, when advisers are equipped with evidence-based tools and global context, they're far more confident having conversations about diversification that includes digital assets." Titman said high-net-worth families had been early adopters of digital assets, recognising their growing potential as a legitimate diversification tool within a long-term investment strategy. He said an order signed by US President Donald Trump to allow alternative digital assets in registered pension funds was another example of a wider shift in how retirement funds were managed and regulated. "Regardless of political stance, what we're seeing globally is recognition that younger generations want more control, choice and exposure to higher-performing asset classes. "The question is whether New Zealand's system will evolve fast enough to meet that demand." Sign up for Ngā Pitopito Kōrero , a daily newsletter curated by our editors and delivered straight to your inbox every weekday.
NZ Herald
13 hours ago
- NZ Herald
First-term government should be doing better, as Labour overtakes in new poll
Greaves said she would expect a first-term government to be polling better than this. She also said that Labour still had work to do to 'get it together', with the party yet to announce its team or policies. Associate professor in politics at Victoria University Lara Greaves. Photo / Michael Craig She said the big decider will be the economy – not just where it is at, but how people feel about the state of it this time next year and who they blame for it. '[It's about] their evaluations of the economy and who caused what and who's at fault for what and, you know, Trump's the other thing that's concerning for any government. 'We can see anecdotally the Canadian and Australian elections affected by Trump, but political science research is starting to come out to show that, yes, Trump does have a huge effect on other democracies.' On why Labour is remaining tight-lipped, Greaves said she believed they had internalised the idea that 'timing is everything'. 'The longer that the current government have knowing what that policy is going to be, the longer they can test and figure out how to peg something on them. 'But they're going to think of some way to really phrase the capital gains tax as affecting the middle class, as affecting New Zealanders and affecting the economy and paint Labour a certain way.' Greaves believed it was 'quite unusual' for Chlöe Swarbrick to raise her hand for the Finance Minister's job. She believed the Greens were trying to take up as much airspace as possible before a capital gains tax announcement. 'Because I think once there is some kind of capital gains tax policy announcement from Labour, that's all we're really going to be talking about for a while.' Speaking to Newstalk ZB's Mike Hosking this morning, Prime Minister Christopher Luxon dismissed the latest poll results, saying he does not want to speak about himself, and all Kiwis want is for National to fix the economy. 'I mean, I don't go into polls because every time there is a different poll every week in this country, and people don't want me to talk about myself or polls,' he told Hosking. 'I think the big trend is pretty obvious. People expect us to fix the economy. It's as simple as that. So fix it, and then in 2026, they'll make their call.'
