kōura – The intelligent KiwiSaver Plan
Over 50% of Kiwis are in the wrong KiwiSaver fund, potentially costing them hundreds of thousands of dollars, reveals newcomer, kōura
Warren Couillault and Rupert Carlyon have teamed up to launch a new, next generation KiwiSaver scheme.
kōura offers a digital advice platform that will give all hard-working New Zealanders access to personalised and professional financial advice – something most people perceive to be out of reach – and something that a new KiwiSaver survey undertaken by kōura shows is desperately needed.
The survey showed that over half of kiwis are in the wrong fund, and this wrong decision could cost people hundreds of thousands of dollars when they retire.
kōura offers a simple tool that allows New Zealanders to analyse their KiwiSaver and ensure they are making the right investment decisions for the retirement they desire.
“In our opinion, a lack of understanding and advice is the largest issue with KiwiSaver. Our survey shows that over half of Kiwis are in a different fund to what we would have recommended, and this decision could cost these people hundreds of thousands of dollars when they retire,” says kōura founder, Rupert Carlyon.
“We’ve also found Kiwi’s expectations of their KiwiSaver are significantly greater than what their KiwiSaver is actually likely to deliver.”
Recently published industry reports – KiwiSaver 2050 as well as the Growing New Zealand’s Capital Markets 2029 have highlighted that a very small percentage of Kiwis currently use a financial advisor, citing cost or lack of access as the main issue. Both these reports have recommended exploring digital advice further and detailed how it has the potential to be a critical tool in changing the way people engage with their KiwiSaver, thereby helping them get better outcomes.
“With the future of investing being tech-led, the team at kōura were motivated to develop a digital advice platform that could help people in the same way a traditional financial advisor does and provide advice that’s tailored to their needs. This means that all New Zealanders can get access to the help they need to make sure that they will not miss out when it comes to their retirement,” says kōura founder, Rupert Carlyon.
This is the third KiwiSaver Scheme that Warren Couillault has established, the previous two schemes being the Fisher Funds and Generate KiwiSaver Schemes.
“All of the Kiwisaver schemes I’ve been part of have been an evolution to what’s already in the marketplace, providing something more advanced,” says Couillault. “kōura is the same. We’re bringing technology into the KiwiSaver space – helping make sure that all kiwis maximise their KiwiSavers’ potential. Hobson Wealth Partners (which has a shareholding in koura and provides various support services) is excited to be a part of this journey as we believe in the value of advice. Helping people achieve better financial outcomes is what we stand for at Hobson Wealth so kōura is a perfect fit for us.”
kōura will offer investors six separate passive investment funds providing investors an exposure to over 45 global markets and more than 3,000 companies. Rather than offering the traditional Growth, Balanced and Conservative funds, kōura creates a personalised portfolio that’s tailored directly to the customer’s life stage and financial goals. Customers are also encouraged to continually review and update their goals and objectives as their lives change and their personalised portfolio changes in line with those amendments.
What needs to happen? We need to make sure that no one is missing out with their KiwiSaver. The kōura KiwiSaver platform is the place to start.
kōura – The intelligent KiwiSaver Plan
kōura Wealth Limited (kōura) is the issuer and manager of the kōura KiwiSaver scheme. A Product Disclosure Statement is available on the Koura website