AMP reviews fund composition
AMP has implemented changes to the make-up of its KiwiSaver funds in response to a review of its strategic asset allocation.
The AMP KiwiSaver Scheme Default Fund will reduce its cash allocation and increase its holdings in New Zealand and global bonds.
And AMP KiwiSaver Scheme non-Default members will now have a dedicated stake in airports, railways, and pipelines around the world.
“It also means their investments are more widely diversified, which is a point of difference from those KiwiSaver schemes that are heavily exposed to the New Zealand market,” said Jack Regan, Managing Director, AMP New Zealand...MORE»
Growth funds report strong returnsWednesday, May 1st, 6:00AM
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. 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 settles
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.
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