KiwiSaver members want online research, not advice

08 October 2019

Written by Good Returns

Good Returns covers kōura’s launch and research that shows most people would prefer online research to an adviser.

 

The scheme set up by Rupert Carlyon and backed by Warren Couillault and Hobson Wealth is pitching itself as a Robo-advice platform using passive funds. “Digital advice is a very popular proposition overseas, and we are excited to be able to launch a true consumer-focused digital adviser in New Zealand,” Carlyon says.

The firm says the majority of KiwiSaver members are in the wrong funds and that the biggest issue is a lack of advice. Instead of using advisers to solve this issue, kōura plans to solve it using technology.
 
“In the 12 years since KiwiSaver has been operating, the focus has been on encouraging customers to sign up to KiwiSaver, rather than focusing on ensuring the right outcomes for customers. Advice and help are really hard to come by. Financial advisors are seen as out of reach for most people, and our research shows most would prefer online research to an adviser in any event."

“We strongly believe that free digital advice will play a key role in improving the financial literacy of KiwiSaver members and help them make meaningful informed choices that are in their own interest.”

 

Read the full article here. 


 

The kōura difference


Does KiwiSaver make your brain hurt? At kōura, we keep things simple. We ask you a simple set of questions to understand your goals and assess your risk appetite and then generate a portfolio that's entirely personalised for you. Our calculators allow you to see just how much you will have in your KiwiSaver fund based on what you're saving now and will even give you a weekly retirement income prediction.  This enables you to get a realistic picture of much you can rely on your KiwiSaver money for your retirement and what levers you can pull to give you the retirement you want. Give kōura a try now and see what your retirement will look like.



Personal Digital Advisor

To design your advice, we need to know a few of your details.
My name is .
I am years old.
My KiwiSaver balance is approximately .
I regularly contribute to my KiwiSaver.
I contribute of my income,
and my pre tax income is
My pre tax income is
I intend to use it to purchase my first home.
I expect to purchase my home in less than years.
I make an annual voluntary contribution. of .

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