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The FMA has released new guidelines outlining two methods KiwiSaver providers can use to calculate members’ fees in dollar amounts on their annual member statements.

This month, Kiwi Wealth turned ten – we opened our doors in July 2007, making us one of the very first  KiwiSaver providers.

July 2007. The iPhone was two days old. Donald Trump had recently appeared at Wrestlemania 23. Rihanna’s ‘Umbrella’ was the number one song. Game of Thrones was a book and no one had heard of Breaking Bad.

If you’re in your 50s and can feel retirement racing up on you, you might be wondering what you need to do to prepare for life after work? At Kiwi Wealth, we know that can feel daunting, so we’ve put together a list of things you might want to think about when retirement is approaching fast.

So you’ve reached decade number six on this planet of ours. Congratulations! Music and clothes from high school are back for their second or third revival. You might be enjoying a mix of old pleasures and new horizons. Retirement planning’s no longer a mirage. You’re probably closer to retirement, or some version of it, than you are to your 18th birthday. Time to get serious about where you’re headed.  

If you’re heading for retirement and starting to worry that you won’t be able to afford the lifestyle you want once you get there, then you want a KiwiSaver provider who’ll help make planning for your retirement easy. But how do you choose the right one for you?

Are you saving enough to get the future you’ll love? With the Kiwi Wealth KiwiSaver Scheme, it’s now easier than ever to find out. With our Future You tool we are doing something a little bit different to other providers, to help people save for their retirement.

After several months of hints, it was no surprise this morning when US Federal Reserve (Fed) Chair, Janet Yellen, announced another 25 basis point lift in the key Funds Rate. The hike, which is the second so far this year, brings the Funds Rate target range to 1-1.25% – still abnormally low compared to historical rates. Fed Board member published predictions show there is a high probability there will be one further 25 basis point hike this year and three more hikes next year, if inflation and unemployment continues to track along nicely.

If you’ve spent any time thinking about retirement, it can be difficult to grasp what it could mean in terms of the lifestyle you lead today and the lifestyle you may want to have in the future.

At the time of writing this post, exit polls indicate a close UK election result, once final votes are counted. It’s still possible that the ruling Conservative Party will be confirmed as the election winner. But, at this stage, the most likely outcome is that it will only be able to form a minority government or rely on the support of minor parties to stay in power.