Kiwi Wealth has done it again!
Following up on earlier success, our innovative online tool Future You has picked up another award – and this time, we’ve gone international.At the annual Pensions and Investments WorldPensionSummit 2017 Innovation Awards, held on 26th October at The Hague in the Netherlands, Kiwi Wealth was delighted to be one of eight companies honoured for retirement innovation. The awards were spread across four different categories – technology, communication, investment and plan design – with a winner and a runner up announced from each category.
Innovation in Communications
Kiwi Wealth was shortlisted in the ‘Innovation in Communications’ category, up against five other entrants from countries as diverse as the UK, Australia, Canada and Singapore. While we missed out on the very top spot, we were honoured to be named as the runner up for our category.
Joe Bishop, General Manager Customer, Product and Innovation (pictured above), who attended the awards on behalf of the Kiwi Wealth team, said “It’s amazing that Kiwi Wealth has not only been shortlisted for this award, against such huge international players, but that we then have beaten all but one of our competitors is truly phenomenal and demonstrates that what we are doing is genuinely world class.”
Joe also highlighted the strength of the ultimate winner of the ‘Innovation in Communications’ category, the Central Provident Fund Board of Singapore.
“The Central Provident Fund Board is the mandatory sole retirement income provider in Singapore, operating in an environment where members must contribute at least 30% of their salary. I can only imagine what Kiwi Wealth could do with resources like these!”
“I look forward to seeing what we can learn from their experience and how we might be able to apply their good work in our market. We’re always looking to develop and improve our Future You tool, to ensure that it offers the very best experience for our members.”
Interested in Future You?
Future You shows eligible members of the Kiwi Wealth KiwiSaver Scheme how much someone like them might need, how much they could have from their KiwiSaver account and NZ superannuation and how making changes could make a difference to their retirement.
Members can choose as a goal one of three pre-set lifestyles – ‘No Frills’, ‘Flexible’ or ‘Deluxe’ - or input their own goal for retirement living. The tool then shows them whether they’re on track to achieve this goal lifestyle (with their KiwiSaver account and NZ Superannuation) and how much they may be falling short by. The tool also shows members the difference making changes to their account – like increasing their contribution rate – could have on the amount they save for retirement.
- Available to Kiwi Wealth members aged 18-65 who haven’t made a transfer from an Australian complying super fund.
The information provided, or any opinions expressed in this article, are of a general nature only and should not be construed, or relied on, as a recommendation to invest in a particular financial product or class of financial products. You should seek financial advice specific to your circumstances from an Authorised Financial Adviser before making any investment decisions.