News | Personal Finance
25 Jan 2020 22:40
NZCity News
NZCity CalculatorReturn to NZCity

  • Start Page
  • Personalise
  • Days of Xmas
  • News
  • Sport
  • Weather
  • Shopping
  • Jobs
  • Horoscopes
  • Lotto Results
  • Photo Gallery
  • Site Gallery
  • TVNow
  • Dating
  • SearchNZ
  • NZSearch
  • Crime.co.nz
  • RugbyLeague
  • Make Home
  • About NZCity
  • Contact NZCity
  • Your Privacy
  • Advertising
  • Login
  • Join for Free

  •   Home > News > Business > Features > Personal Finance

    Communication key when selecting financial provider

    Sometimes when it comes to switching banks or choosing a KiwiSaver scheme it feels like you need a degree to make sense of what is happening to your money.

    6 November 2010
    That’s why it’s important to consider how your bank, insurer, investment company, or KiwiSaver provider will communicate with you before you sign on the dotted line.

    Clear and regular communication from your financial provider will ensure you make the best choices for your own circumstances and stay in control of your finances, as well as avoiding any unpleasant surprises.

    When shifting banks or KiwiSaver providers, check out how well they communicate. Visiting their website is a good first step. Does it have the kind of information you’re after and is it easy to understand?

    Find out how regularly the provider sends out statements and if you can access information about your account quickly and easily. If the information they supply isn’t clear, easy to understand and as regular as you would like, consider a different provider.

    Give them a call and see what their telephone communication is like – does it take them long to answer your call? Request some information be sent to you. How long does it take to arrive and do you understand it? If not, they probably aren’t right for you.

    Many financial organisations are striving to do a better job to communicate with investors and potential investors. Workplace Savings NZ has an annual industry awards programme to acknowledge organisations that are communicating well. The People's Choice KiwiSaver Award gives KiwiSaver members the opportunity to rate their provider’s communications from ‘very poor’ to ‘very good’.

    It's your chance to have your say about how well your KiwiSaver provider communicates. Voting opens from 1 November at the Workplace Savings New Zealand website: www.workplacesavings.org.nz/

    © 2020 NZCity


     Other Personal Finance News
     10 Sep: Spring clean your finances
     13 Aug: Plan ahead to give yourself a debt-free Christmas!
     10 Jul: Wise up to clear credit card debt
     07 May: Ways to prepare for the unexpected
     30 Mar: Time for a financial progress check
     10 Feb: Studying up on NZ Super
     10 Jan: Managing the back-to-school bills
     Top Stories

    RUGBY RUGBY
    A first half blitz from Michaela Blyde has propelled the Black Ferns sevens to a compelling 40-7 victory over England in their second pool match at the Hamilton world series event More...


    BUSINESS BUSINESS
    The Opposition's laying blame for the increasing rent prices across the country, squarely on the government More...



     Today's News

    Auckland:
    Auckland's North-Western Motorway near Massey is open again after being blocked earlier by a two-car collision 22:27

    Entertainment:
    Kim Kardashian West says a law career has been “in [her] soul for years” 21:30

    Law and Order:
    One person has serious injuries from an assault the Auckland suburb of Sandringham this evening 21:17

    Entertainment:
    Lupita Nyong’o feels “privileged” to have people who “look up” to her 21:00

    Basketball:
    Breakers forward Finn Delany believes they have a more than manageable task on their hands in the Australian basketball league tonight 20:37

    Entertainment:
    Kerry Katona has had several “dirty rotten teeth taken out” 20:30

    Entertainment:
    Kelly Clarkson has shown her support for Pink after the singer admitted she feels “weird” about ageing 20:00

    Entertainment:
    Courtney Stodden is “officially divorced” from Doug Hutchison 19:30

    Entertainment:
    Dax Shepard went on a "spectacular date" with Brad Pitt 19:00

    Dunedin:
    The search for a teenager missing off Dunedin's St Clair Beach has been suspended 18:57


     News Search






    Power Search


    © 2020 New Zealand City Ltd