A legal opinion by law firms Chapman Tripp and MinterEllisonRuddWatts has outlined proposed changes to the KiwiSaver framework to support investment in private assets. Commissioned by Toitū Tahua: The Centre for Sustainable Finance, the legal opinion says KiwiSaver members are missing out on investment options with potentially higher financial returns and long-term positive environmental, social […]
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Final quarter of 2023 sees KiwiSaver reach $104 billion
Market movements saw KiwiSaver assets grow $8 billion in the last quarter of 2023, ending the year at $104 billion according to Morningstar’s latest data. Average multisector category returns for the December quarter ranged from 4.9% for the conservative category to 7% for the aggressive category. Default options averaged 6.3%. All KiwiSaver providers, with the […]
Generate cracks $5 bill mark
Generate becomes one of the largest boutique KiwiSaver managers. Generate has cracked the $5 billion in funds under management (FUM) mark, making it one of the largest boutique KiwiSaver providers (outside of banks). That growth has been driven by strong long-term performance, award-winning customer service and its focus on educating and empowering Kiwis to make […]
Fisher’s KiwiSaver FUM sliggish after Kiwi Wealth purchase
Fisher Funds chalked up very sluggish growth in its KiwiSaver funds under management (FUM) through the first quarter of owning Kiwi Wealth but the wholesale side of its business is growing at double-digit rates. The latest MJW survey showed Fisher's wholesale FUM grew 14.6% to $18.36 billion between the September and December quarters of 2023. […]