News

What you need to know about the share market

Thu March 26th 2020

This will be a time to remember. We will recall suffering, loss and hardship but hopefully we will also have memories about how we came together to overcome this pandemic – caring for others and building community.

Is there greenwashing in your KiwiSaver?

Tue March 10th 2020

There has been huge growth in the number of people who want their KiwiSaver to be ‘green’ or ‘ethical’. Most fund providers claim to be responsible investors, but sadly, greenwashing is common. Mindful Money has the antidote. Transparency is the way to shine light on what’s really in your portfolio. You can see what companies you are invested in, across issues that you may be concerned about. Be prepared for some surprises when you type in the name of your fund in the Fund Checker on Mindful Money’s website!

Myth Busting: Fossil Fuel Divestment

Mon March 9th 2020

The Government’s decision to require default KiwiSaver providers to exclude fossil fuels has kicked off a debate around the impact. This is long overdue. It not only affects default funds, but most of our KiwiSaver investments. We need facts and analysis to examine this decision, and fossil fuel divestment more generally. We also need to bust some myths about divestment and fossil fuel investments.

NZ bans fossil fuels from default funds

Tue March 3rd 2020

Money Management Australia: The New Zealand government has decided fossil fuels will be banned from KiwiSaver funds in line with the desires of its citizens.

Default funds to go fossil free

Mon March 2nd 2020

The government has today taken the decision to require ethical standards for default KiwiSaver funds, including exclusion of fossil fuels. This protects the interests of those who do not make a specific choice of funds when they sign up to KiwiSaver. The government has a responsibility to ensure their money is not invested in fossil fuels and other companies that cause social and environmental harm.

Default KiwiSaver fossil fuel ban

Mon March 2nd 2020

Barry discusses the government announcement with Hayley Holt on TVNZ Breakfast

Govt tweaks KiwiSaver settings to put more money in investor accounts and excludes fossil fuels

Sun March 1st 2020

By Susan Edmonds, Stuff.co.nz 1 March, 2020 The government has made KiwiSaver default funds required to be balance funds and not conservatively invested, this means more money invested in growth assets such as shares. While there may be more volatility for balances as a result, customers who do nothing should end up better off over the long term because growth assets outperform over time. It has also required default funds to exclude investment in fossil fuels.

Fossil free by default

Sun March 1st 2020

The government has today taken the right decision to require ethical standards for default KiwiSaver funds, including exclusion of fossil fuels. This protects the interests of those who do not make a specific choice of funds when they sign up to KiwiSaver.

How to tell an ethical KiwiSaver from a greenwashed one

Fri Feb. 7th 2020

83% of us expect our KiwiSaver to be invested responsibly. But if you've ever tried to find a good ethical fund, you'll know it's not as simple as it sounds. For one thing, everyone has different ethics. For another, companies report on different things in different ways, because there's no legal standard on how to report ethical issues.

From crisis to opportunity

Fri Feb. 7th 2020

The few days in January when the skies of New Zealand were reddened by smoke from bush fires across the Tasman set the stage for our new decade. It was one of those moments that gave an insight into a future of climate chaos. The reality never quite sinks in until you experience it directly.

Retirement commissioner rejects raising superannuation age

Tue Feb. 4th 2020

The Retirement Review has called for the government to increase resources at the office of the Retirement Commissioner, the Commission for Financial Capability (CFFC), and fund the financial research charity Mindful Money.

When will the business elite walk the talk?

Tue Feb. 4th 2020

The elite attendees at the Davos forum can talk a good talk on sustainability but, with other business leaders and investors, many are happy to leave actual change to others.