The deepest recession in more than 30 years has failed to dent New Zealanders’ appetite for KiwiSaver, according to the latest update by the tax department. Over the past six months, some 190,000 New Zealanders have signed up to the government-sponsored retirement scheme, taking total enrolments to more than 1.1 million. The trend has mirrored […]
After a difficult 18 months KiwiSaver growth funds were the stand out performers in the quarter to June 30, 2009 producing a median return of 7.9% according to Mercer’s KiwiSaver Survey. The best performing growth fund over the quarter was the Mercer High Growth Fund (+12.2%), while the Fidelity Life Growth Fund was the best […]
Bemused delegates at last month’s Superfunds Conference in Wellington heard how KiwiSaver might revitalise the savings industry or just waste everybody’s time (and money). David Chaplin reports.