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MPs prefer super savings and property

Politicians might be keen property investors, but they’re not dabbling in many other investment markets, outside their superannuation schemes, the latest register of pecuniary interests shows.

Wednesday, May 6th 2020, 6:04AM

Jacinda Ardern

The updated 2020 list shows 78 of a total 120 MPs own two or more properties – many are also beneficiaries and trustees of trusts who may own more.

Almost all are also members of KiwiSaver schemes – AMP is the most popular provider for politicians. The biggest KiwiSaver provider, ANZ, is in second place.

But outside that investing, the trend is less clear. Just over half of all MPs have their own superannuation schemes set up alongside KiwiSaver. AMP is a popular choice among these, too, although Fidelity Life, Sovereign and family-run and personal schemes also appear.

Prime Minister Jacinda Ardern owns her home in Mt Albert, invests in the AMP State Sector Retirement Savings Scheme, the AMP Retail Superannuation Scheme, ANZ KiwiSaver and Fidelity Life Super Plan. 

National MP Gerry Brownlee still declares an interest in AXA schemes which no longer exist.

National MP Amy Adams offers the most comprehensive list of detailed investments: an interest in iShares Core S&P/ASX 200 ETF, VanEck Vectors Gold Miners ETF, Vanguard FTSE All World ex US Index Fund and Vanguard S&P 500 ETF.

She also has direct shares in a wide range of New Zealand and international businesses, including recent top-performer a2, Amazon and Alphabet.

National MPs Jacqui Dean and Maureen Pugh each own Bonus Bonds through ANZ.

National MP Andrew Falloon declares an investment in diversified funds through Sharesies, and New Zealand First MP Clayton Mitchell has an AMP whole of life policy.

Green MP Chlöe Swarbrick is invested in the OneAnswer Multi Asset Class Fund, as well as a KiwiSaver investment.

Tags: investment MPs

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Last updated: 10 July 2020 9:02am

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