Category Archives: KiwiSaver Articles

The latest KiwiSaver Performance Survey results from Morningstar. KiwiSaver Performance Survey – Returns to 30 June 2010                 Default Options 3-month (%) 6-month (%) 1-year (%) 2-year (%pa) AMP (Default) -0.46 0.58 5.05 3.13 ASB Conservative (Default) -0.40 1.63 6.78 4.99 AXA Income Plus (Default) -0.48 1.74 9.08 […]

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 […]

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. The scheme was registered on May 5, just days after the Asteron KiwiSaver scheme closed its doors. While further details of the new scheme are yet to be […]

An industry body argues the biggest risk to KiwiSaver is over-zealous regulation, rather than fund manager behaviour. WSNZ chief executive Bruce Kerr says the industry body was monitoring “how sweeping the changes will be”. Under proposed changes announced by Commerce Minister Simon Power late in April, all KiwiSaver providers would have to adhere to the […]