KiwiSaver funds in the red
Most KiwiSaver funds were in the red over the second quarter as the markets had their first pullback after four positive quarters of strong results according to the Morningstar quarterly KiwiSaver Performance Survey.
Morningstar says the pullback was due to the global recovery being put on hold in May after uncertainties as a result of some European countries' overhanging debt, a slowdown in China, and disappointing economic data across the globe.
As a result the New Zealand sharemarket lagged most global counterparts during the second quarter and the NZX50 Index was down 9.05%, while Australia was down 15...MORE»
KiwiSaver Performance Survey - June 2010Tuesday, July 27th, 10:57AM
The latest KiwiSaver Performance Survey results from Morningstar. MORE» |
ING's KiwiSaver status being questionedTuesday, July 13th, 11:32AM
An investor pressure group is preparing a Petition to Parliament to request the Government review the default KiwiSaver provider status of ANZ-owned fund manager ING. MORE» |
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Kiwibank has registered its KiwiSaver scheme with the office of the Government Actuary (GA), joining Milford as the second new provider to enter the fray this year.
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An industry body argues the biggest risk to KiwiSaver is over-zealous regulation, rather than fund manager behaviour.
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MORE»KiwiSaver Performance Survey
The latest KiwiSaver Performance Survey results from Morningstar.
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Asteron KiwiSaver shuts, recommends Grosvenor
Asteron has closed its $33 million KiwiSaver fund and is recommending its 6200 investors transfer their money to the scheme run by Grosvenor
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