The importance of KiwiSaver Advice
KiwiSaver is something most of us think about only when we start a new job, and maybe when we turn 65. But did you know that 3.4 million New Zealanders are currently enrolled in KiwiSaver as of June 2024? That’s a huge chunk of our population relying on their KiwiSaver funds to support their future. Despite this, KiwiSaver advice remains under-utilised, with many people failing to maximise the full potential of their savings.
If you’re like most Kiwis, you probably signed up for KiwiSaver years ago and gave it little thought since. You’re not alone—many people don’t realise that KiwiSaver is something that should be actively managed to ensure it’s working for them. More importantly, they don’t realise how easy it is to access advice that could make a real difference.
The Problem: Most Kiwis Aren’t Getting the Right KiwiSaver Advice
The issue is simple: too many people aren’t getting enough KiwiSaver advice. While KiwiSaver is designed to help us save for retirement, it’s also a complex financial tool that requires careful consideration of different providers, fund types, and investment strategies. In fact, many people are in the wrong fund structure or with the wrong provider for their individual goals and needs.
When you’re relying on KiwiSaver to provide for your future, this lack of consideration can be a problem. Imagine relying on an investment strategy that isn’t in line with your risk tolerance or long-term goals, all because you didn’t have the right advice. Or imagine sticking with a provider that doesn’t suit your values, whether that’s ethical investing or simply getting the best returns.
The reality is that a lot of Kiwis don’t know enough about KiwiSaver to make informed decisions. There’s a lack of education and promotion around KiwiSaver advice, and often it’s not a conversation people have with their friends, family, or even their employers. But KiwiSaver is too important to leave to chance.
The Solution: KiwiSaver Advice Can Change Everything
This is where a KiwiSaver adviser comes in. It’s a little-known fact that KiwiSaver advice is completely free. That’s right—advice is unbiased, personalised, and designed to help you achieve the best outcomes for your retirement, at no cost to you. KiwiSaver advisers don’t just help you choose the right provider and fund—they also help you review your plan over time, ensuring it continues to meet your changing needs.
A KiwiSaver adviser will assess your goals, risk profile, and values, then recommend a provider and fund that’s a perfect fit for you. If you’re already with the right provider, they’ll become your ongoing adviser, taking over the servicing from your provider—who typically doesn’t offer this kind of personal, ongoing advice.
You wouldn’t attempt to fix your car yourself without the right expertise, so why leave your retirement savings to chance without professional advice?
Why It’s So Important to Choose the Right KiwiSaver Adviser
The right KiwiSaver adviser can make a significant difference to your financial future. But how do you find one? Start by looking at Google reviews from other clients. A good adviser will have a track record of helping people just like you—making the complex world of KiwiSaver simple, approachable, and effective. Word of mouth, especially in the digital age, can provide valuable insight into how a KiwiSaver adviser works and whether they’re a good fit for your needs.
The Bottom Line: Don’t Wait to Get the Right KiwiSaver Advice
KiwiSaver is an essential part of your financial future. It’s crucial that you choose the right fund, provider, and strategy to maximise its potential. Unfortunately, many Kiwis miss out on expert advice simply because they don’t know it’s available—or they don’t realise how important it is.
At MoneyGuide, we’re passionate about making KiwiSaver advice accessible to everyone. Whether you’re just starting out or reviewing your current plan, we’re here to help you make the most of your KiwiSaver, so you can look forward to a comfortable retirement.
Don’t leave your retirement to chance. Get in touch with a KiwiSaver adviser today, and take control of your financial future.
