Your Quarterly E-Zine
Edition 11 • December 2019

This website contains the latest edition of Forsyth Barr Focus, a quarterly on-line magazine written by senior members of Forsyth Barr's investment team.

If you experience any difficulty in accessing Forsyth Barr Focus,
please call 0800 367 227, or e-Mail for assistance.



Do you remember your first job and your excitement about your first pay packet? Your nervousness around the opportunities it provided and the responsibilities that it brought? 

I remember mine well. But, thankfully, before I got used to the idea of some extra cash in my pocket, my family helped me sign up to my employer’s superannuation scheme.  

They wanted to get me comfortable with the idea of saving for my future from my very first pay day.  "You don't miss what you never had”, they said.

They were right. When KiwiSaver launched in 2007 I already had strong, ingrained savings behaviour, which meant it was not a leap for me to join.  

Thousands of people signed up each month. KiwiSaver is now approaching its second decade, and has surpassed expectations.  Over 2.7 million people* are participating in KiwiSaver, and an Australian research firm, Strategic Insight suggests that over $40 billion has been invested. It’s estimated that by 2020 this amount will exceed $70 billion^. (By comparison the current New Zealand superannuation fund is just $34.6 billion.)

Importantly, KiwiSaver has also been successful in attracting all demographics. The gender mix is fairly balanced, with slightly more woman engaged with the scheme. The age spread is also broad, with 1.4 million people over 35 active in KiwiSaver^^.

For many of us, KiwiSaver sits quietly in the background. When you’re busy with life and children, retirement can seem a long way off. Many people are focused on paying off their mortgage. Some don’t yet see their KiwiSaver balance as significant. Others simply have other priorities for now.

But at Summer, our message is simple. We want to enable KiwiSavers to take charge of their money. To take control of it and be able to make the changes that will help them get the most out of KiwiSaver.

How do you make a start with your own KiwiSaver?  Start by answering three simple questions:

How much do you have saved?

Who is your current KiwiSaver provider?

What type of fund is it invested in?

If you can answer each of these questions, congratulations. You’ve made a great start to taking control of saving for your retirement.  

Now start actively thinking about how money and life go together.  

What does retirement look like for you?

When will you retire?

Do you plan to work in retirement?

Will the cheque to the undertaker bounce or do you plan to leave generous inheritances to your family?

Would you consider downsizing the house. Upgrading the travel plans?  

These are big questions, but they are valuable to ask. Money is a very personal thing, and how you plan to enjoy yours may be very different to other people.

We encourage you to invest time in thinking about your retirement lifestyle and estimating your retirement balance. We offer a calculator that can help you with your planning. If you’re a member of the Summer KiwiSaver scheme you are also able to easily monitor your progress towards your goal every time you log in.

Please remember it's your money and your retirement, so take charge and find out more at

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 on this website, 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 your Forsyth Barr Authorised Financial Adviser, on request and free of charge.

By Trish Oakley
Head of Summer

* IRD KiwiSaver membership monthly data

^ Review of the KiwiSaver Fund Manager Market Dynamics and Allocation of Assets

^^ IRD KiwiSaver membership monthly data