Having an above-average allocation to global shares pushed ANZ’s OneAnswer Growth Fund to the top of the Melville Jessup Weaver KiwiSaver performance charts. The quarterly survey reports on the performance and risk characteristics of the majority of New Zealand’s investment funds. It found the OneAnswer Growth KiwiSaver fund returned 19.9% in the 12 months ended […]
Category Archives: KiwiSaver Articles
Good year for KiwiSaver growth funds
Buoyant stock markets helped KiwiSaver growth funds achieve another solid year in 2013, according to new figures by research house Morningstar. But despite the continued strong performance of growth funds, the bulk of KiwiSaver money remains in more conservative options. Aggressive funds were the top performers in the year ended December 31 with a total […]
KiwiSaver contributions still slow
Advisers may have to wait longer than expected for a boom in demand from KiwiSavers looking for financial advice, new figures suggest. Inland Revenue’s sixth annual review of KiwiSaver shows that while investors are becoming more active in their choice of fund, most are still making the minimum required contribution. The report, for the 12 […]
Lack of KiwiSaver advice will cure itself: Neilson
A lack of independent advice for people entering KiwiSaver is a problem but will come right over time, says the chief executive of the Financial Services Council. In its recently released annual review the FSC has reiterated its call for a more favourable tax treatment of savings investments. It said one of its priorities was […]