Latest news with #Generate
Scoop
15 hours ago
- Business
- Scoop
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.
Scoop
04-08-2025
- Business
- Scoop
Generate Welcomes Greg Smith As Investment Specialist
Generate is delighted to announce that Greg Smith will be joining its growing team as Investment Specialist from 1 September 2025. In this newly created position, Greg will act as the bridge between our investment team and external audiences, ensuring the smooth communication of our investment strategies to advisers, media, clients, and the broader public. His focus will be on simplifying what can be hard-to-understand investment concepts and elevating Generate's market profile through accessible educational content. Greg brings significant experience from his previous role as Head of Retail at Devon Funds Management, where he engaged with financial advisers and retail clients to expand the company's reach across various platforms. Greg has been prominent in the business media for the past 20 years. He is a well-recognised market commentator, regularly appearing as a speaker on Newstalk ZB, the NBR, TVNZ, and contributing to market-related content across The New Zealand Herald, Stuff, and other media platforms. Previous to Devon, he was the head of research at the Australian-based funds management and market research business Fat Prophets. Prior to his time there, Smith was a global investments operations manager at Mellon Global Investments in London. He is a CFA Charter holder as well as a qualified chartered accountant. "At Generate, we are committed to making our investment expertise more accessible to all," said Sam Goldwater, Generate Chief Investment Officer. "This role ensures that our investment team's insights are effectively communicated to our clients and the broader market. We are thrilled to have Greg on board, as his experience and ability to communicate our investment strategies into clear, engaging content will be invaluable in helping us further educate and connect with investors." 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.
Scoop
04-08-2025
- Business
- Scoop
Generate Welcomes Greg Smith As Investment Specialist
Press Release – Generate Greg brings significant experience from his previous role as Head of Retail at Devon Funds Management, where he engaged with financial advisers and retail clients to expand the companys reach across various platforms. Generate is delighted to announce that Greg Smith will be joining its growing team as Investment Specialist from 1 September 2025. In this newly created position, Greg will act as the bridge between our investment team and external audiences, ensuring the smooth communication of our investment strategies to advisers, media, clients, and the broader public. His focus will be on simplifying what can be hard-to-understand investment concepts and elevating Generate's market profile through accessible educational content. Greg brings significant experience from his previous role as Head of Retail at Devon Funds Management, where he engaged with financial advisers and retail clients to expand the company's reach across various platforms. Greg has been prominent in the business media for the past 20 years. He is a well-recognised market commentator, regularly appearing as a speaker on Newstalk ZB, the NBR, TVNZ, and contributing to market-related content across The New Zealand Herald, Stuff, and other media platforms. Previous to Devon, he was the head of research at the Australian-based funds management and market research business Fat Prophets. Prior to his time there, Smith was a global investments operations manager at Mellon Global Investments in London. He is a CFA Charter holder as well as a qualified chartered accountant. 'At Generate, we are committed to making our investment expertise more accessible to all,' said Sam Goldwater, Generate Chief Investment Officer. 'This role ensures that our investment team's insights are effectively communicated to our clients and the broader market. We are thrilled to have Greg on board, as his experience and ability to communicate our investment strategies into clear, engaging content will be invaluable in helping us further educate and connect with investors.' 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.
Scoop
29-07-2025
- Business
- Scoop
71% Of Generate Members Maximise Final $521 Government Contribution – Ahead Of Policy Changes
Generate members claimed over $62 million in Government Contributions this year — a strong sign of engagement ahead of next year's halving. In total, 71% received the full $521.43 contribution, with another 14% making a partial claim. This result stands out across the industry. Recent reports from some other KiwiSaver schemes have indicated that only 60–65% of their members received the contribution. Generate's total cohort of members receiving the full or partial contribution (85%) is also well above the national average, which sits at around two thirds of members. 'The Government Contribution is one of the most valuable features of KiwiSaver — essentially a 50% return on up to $1,042.86 in annual contributions,' says Generate adviser Hayley Taylor. 'We're proud to see such high engagement from our members. Our commitment to educating our members via our adviser network plays a key role in helping Kiwis make the most of their KiwiSaver investment.' In total, Generate claimed $62,474,541.57 in Government Contributions to pay out to its members through the scheme this year — helping thousands of Kiwis build a stronger retirement foundation. From 1 July 2026, the maximum Government Contribution will be halved to $260.71, making this year's result even more significant. Members who earn more than $180,000 per annum will also no longer be eligible. 'The upcoming change reinforces the importance of being proactive,' says Taylor. 'Small, consistent contributions — and good advice — can make a real difference over time.' As the KiwiSaver landscape evolves, staying informed and making smart decisions will be more important than ever. Generate remains committed to helping New Zealanders get the most out of their KiwiSaver investment through advice, education, and long-term performance. ---------------------------------------------------------
Scoop
30-06-2025
- Business
- Scoop
Generate Appoints Matt Hanchet As Investment Distribution Manager
Press Release – Generate Before the role at Mint, Matt spent five years at Generate where he started in customer relationship management before heading to Distribution and becoming a Business Development Manager. Generate, one of New Zealand's leading KiwiSaver and wealth providers, is pleased to announce that Matt Hanchet is returning to Generate and joining the team as Investment Distribution Manager. Matt was most recently Head of Retail Distribution at Mint, where he led adviser engagement and helped shape distribution strategy, product positioning, and media relationships. He worked closely with the investment team to align messaging with Mint's investment process and played a key role in lifting their market presence. Before the role at Mint, Matt spent five years at Generate where he started in customer relationship management before heading to Distribution and becoming a Business Development Manager. Generate KiwiSaver Scheme has more than 170,000 members and more than 7 billion funds under management. Generate's portfolio of eight managed funds is becoming a central focus as more informed Kiwis seek expert guidance to build their financial futures beyond KiwiSaver. Matt's new role will be key to increasing the rollout of managed funds within Generate's third-party adviser network. Matt says, 'I'm excited to take on the role of Investment Distribution Manager. It's a significant opportunity to help advisers across New Zealand fully leverage Generate's excellent range of managed funds.' Says Kristian James, Generate Head of Distribution: 'Matt's leadership and skills were highly valued during his previous tenure with Generate. Now we're excited to have him back in this key distribution role.'
