Broken KiwiSaver / Rupert Carlyon

Rupert Carlyon from Koura Wealth joins me to discuss.

Before we talk about what's wrong with KiwiSaver, we should point on some good stuff first:

- Many Kiwi's are investing again in the share markets rather than just property. Sure, they possibly had no idea that's what they were doing when they joined, but a good result nevertheless.

- KiwiSaver is going to decrease the likelihood and magnitude of retirement poverty. It's unlikely government super will be enough, but now with KiwiSaver, there's a growing chance some of us will be in good shape

- KiwiSaver is increasing the financial resilience of our country - more investors, more funds floating around in the world from a country who's been acting a bit gun-shy since the '87 share market crash

So the problems? Well...I'm not going to ruin the surprise, you'll just have to listen!

Make sure you've subscribed so you will be made aware of the next episode with Rupert and I next week.

A bit about Rupert:

Rupert has worked in financial service roles his entire career – starting at global investment bank UBS, where he had a slew of roles in London and Auckland. Returning to New Zealand in 2014, Rupert was disappointed to see the KiwiSaver market had not moved on since he left. Seven years on, New Zealanders were still being given the same stock-standard, three-fund offering and he could see that KiwiSaver was not really working for everyone. So he began to look internationally, at companies and technologies that were doing retirement investing right. kōura is the result - a way to give kiwis access to the technology and products to help them achieve their financial goals.

_________________________________________

Like what you’ve heard?

You can really help with the success of the NZ Everyday Investor by doing the following:

1- Tell your friends!

2- Write a review on Facebook, or your favourite podcast player

3- Help support the mission of our show on Patreon by contributing here

4- Search for The Everyday Investor on YouTube

5- Sign up to our newsletter here

NZ Everyday Investor is on a mission to increase financial literacy and make investing more accessible for the everyday person!

__________________________________________________________________

Where to find Darcy Ungaro:

Ungaro &Co (registered) financial advisers