Ethical investing is a growing trend and one KiwiSaver Scheme believes its Responsible Investment Association Australasia (RIAA) certified socially responsible investment (SRI) funds will drive business. Grosvenor’s two SRI KiwiSaver funds became the first to gain certification under the RIAA’s recently revamped certification standards last week. SRI funds, which don’t invest in companies that trade …
Category Archives: KiwiSaver Articles
Portfolio-building has limited appeal
A KiwiSaver provider offering members the ability to pick the assets their retirement savings are invested in says only a small percentage of investors want to take such a hands-on approach. NZX-owned Superlife gives investors more control of their KiwiSaver accounts, if they want it. As well as funds that will be familiar to most …
Amanah amasses members
New Zealand’s only shariah-compliant fund manager has amassed $8.5 million across its KiwiSaver and unit trust in its first year in business. Founder Brian Henry said it had accumulated 700 members. “We’re pretty pleased with that growth. We only started marketing it heavily in September. There have been so many other things to organize and …
Withdrawals increase
The amount of money being withdrawn from KiwiSaver accounts to fund first-home purchases soared in the year to January, new data from Inland Revenue shows. Members have pulled about $470 million out of the scheme over the year to purchase a first home. Changes introduced in April allowed members to withdraw their member tax credit …