KiwiSaver yet to prove its worth

There is potential for KiwiSaver to grow the retirement savings pool but it is unclear whether that has been the case so far according to industry experts. Speaking at the Workplace Savings conference in Christchurch Inland Revenue senior evaluator Katherine Meerman says it is an important but unanswered question. “Because if KiwiSaver isn’t growing the […]

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 […]

ING’s KiwiSaver status being questioned

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. This comes after the Commerce Commission reached a record $45 million settlement with ANZ over the promotion of ING’s Diversified Yield and Regular Income Funds last month. The Commerce Commission […]