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 …
Category Archives: KiwiSaver Articles
KiwiSaver Performance Survey – June 2010
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 …
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 …
Kiwibank kickstarts KiwiSaver
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 …