Growth funds report strong returns
None of the KiwiSaver funds monitored by Morningstar have experienced negative returns over any of the one-, three- or five-year monitoring periods, which co-head of fund research Chris Douglas says has come as a pleasant surprise.
Morningstar yesterday released its KiwiSaver Performance Survey to March 31.
Douglas said the first quarter of the year had been a busy one for KiwiSaver providers, with several closing funds to new investment and BNZ joining the market.
Douglas said the latest return pattern was much as most people would expect. “When equity markets are strong, balanced growth and aggressive funds do better...MORE»
Family and friends NZers source of KiwiSaver adviceThursday, April 18th, 4:14PM
A KiwiSaver model is needed that makes it possible for financial advisers to provide the level of advice the KiwiSaver members need, in a way that is also cost-effective for advisers, says the author of a new report on the scheme. MORE» |
TOWER sale settlesTuesday, April 2nd, 4:45PM
Fisher Funds is now the biggest New Zealand-owned and managed KiwiSaver provider, after the acquisition of TOWER investments. MORE» |
KiwiSaver insufficient: FSC
Only 9% of New Zealanders think the country's superannuation is enough to live on in retirement, survey results released by the Financial Services Council show.
MORE»First-home changes suggested
The option to withdraw KiwiSaver fund to buy a first home should be retained but other changes made if default funds are changed to “life stages” settings, Mercer says.
MORE»TSB takes on KiwiSaver without AFAs
TSB bought into a stake in a KiwiSaver fund manager without having any authorised financial advisers on staff.
MORE»ASB's KiwiSaver for adviser closed
ASB is closing down its KiwiSaver scheme set up for advisers and is currently considering its future options for the product.
MORE»Fidelity Life hooks up with global giant
KiwiSaver provider Fidelity Life has teamed up with giant global investment manager Dimensional to launch two new funds.
MORE»

