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The media has tried to raise awareness of ‘sinvestments’ before, without success. For some reason, this time it took off. We saw actual disruption, with KiwiSaver scheme providers changing products, or pressuring the providers of those products to change them. That was not in the shadow of a genuine regulatory threat. It was a consumer threat, and a largely nascent one, but clearly sufficiently compelling for the industry to respond.
To us this is a strong positive, and we’re neutral about the source: the $ sticker shock of fees; the stark contrast of a new market entrant; an allergic reaction to the previously unconsidered moral aspects of investments. Each prods New Zealanders to scrutinise their investments, query their providers, and take action if they don’t like what they see or hear (if their provider hasn’t acted first).
That’s where good investment decisions lie - when Money Week thinking and behaviours are habits, not a special effort.
Paul Gregory
Director of External Communications and Investor Capability
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