MR No. 2018 – 34
29 August 2018
Markets go down as well as up and good times don’t last forever.
In preparation for Sorted Money Week 2018, the Financial Markets Authority (FMA) is launching an online quiz to help younger KiwiSaver members understand how to react when investments rise and fall in stormy markets.
The FMA is playing its part as one of more than 200 organisations involved in the Commission for Financial Capability’s Money Week. More than 800 activities and events are planned around this year’s theme ‘Weather the storm – financial resilience’.
Simone Robbers, FMA’s Acting Director of External Communications and Investor Capability, says: “Our research on investor confidence shows that those who are more knowledgeable and engaged with their investment are more confident. KiwiSaver members under the age of 30 are the least knowledgeable and confident about their investments.
Over the last ten years, KiwiSaver returns have generally been positive. While there have been patches of volatility, younger members of the 18-30 age group have never experienced a major fall in the value of investments in their adult lifetimes.”
The FMA’s online quiz aims to reinforce a number of key messages:
Earlier this year the FMA promoted a campaign encouraging young women who are KiwiSaver members to check their statements and understand their fees.
The quiz will be promoted through social media and can be found here.
Senior Adviser, Media Relations
021 702 036