Posted 19 Sep 2016
Martin Hawes and Forsyth Barr have partnered to bring New Zealanders a KiwiSaver scheme called Summer KiwiSaver with the goal of growing the investment culture in New Zealand.
Hawes says New Zealanders can miss out on tens of thousands of dollars in retirement unless they become more actively involved in driving their investment choices.
“New Zealanders are notoriously disengaged with their KiwiSaver. One quarter of KiwiSaver members don’t even know what kind of fund they’re invested in*. That’s dangerous. If you’re still ten or twenty years from retirement you risk missing out on thousands in retirement,” he says.
Hawes, an Authorised Financial Adviser with over 30 years of experience who has sold over twohundred thousand books on personal finance, is Chair of the Summer Investment Committee and will lead communications with the scheme’s members. Forsyth Barr’s experienced funds management team will handle day-to-day investment management.
He says his move into KiwiSaver is a natural extension of his mission to reach as many New Zealanders as possible with the message that the small decisions you make today can have a massive impact on your lifestyle in retirement. The scheme was named Summer in reference to Hawes’ 2006 retirement planning bestseller 20 Good Summers – and to acknowledge that retirement can be the best years of your life if your finances are well organised.
Hawes says that a danger to many New Zealanders achieving the retirement they aspire to is being disengaged from their KiwiSaver account.
“For many New Zealanders, KiwiSaver will be their most significant financial asset outside the family home. That’s why it’s critical to get involved with your KiwiSaver investment now and take charge of it to create the future you want,” he says.
Hawes says Summer KiwiSaver members will have the opportunity to learn about investing from his regular communication with them. They’ll also have the chance to put those learnings into action by deciding the weighting of their investment allocated to different investment classes.
“With Summer, you can get involved as much or as little as you choose. We offer the Summer Investment Selection option for members who would rather let us make the decisions for them and keep them informed along the way. Those who like to be more involved can allocate their investment across different funds that invest in cash and domestic and global fixed interest and shares, depending on how they read the market at any given time,” he says.
For a copy of the scheme’s Product Disclosure Statement please visit www.summer.co.nz. While you are on the site, follow us on our social media channels.
* Key Research, New Zealand Savings Monitor, May 2016
The Summer KiwiSaver scheme is managed by Forsyth Barr Investment Management Ltd. You can obtain the Scheme’s Product Disclosure Statement and further information about the Scheme at www.summer.co.nz, from one of our offices, or by calling us on 0800 11 55 66. Forsyth Barr Investment Management Ltd is a licenced manager of registered schemes and part of the Forsyth Barr group of companies. Disclosure Statements are available from Martin Hawes and your Forsyth Barr Authorised Financial Adviser, on request and free of charge.