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 […]
Category Archives: KiwiSaver News
KiwiSaver returns plateau after four quarters of gains
KiwiSaver funds provided positive returns for the fourth straight quarter, though the growth is running out of steam and ongoing fears of a debt crisis in the euro zone may be partly to blame, according to Mercer (NZ) Limited. The median return for the most conservative Default Funds was 2% in the three months ended […]
KiwiSaver Performance Survey
The latest KiwiSaver Performance Survey results from Morningstar. KiwiSaver Performance Survey – Returns to 31 March 2010 Default Options 3-month (%) 6-month (%) 1-year (%) 2-year (%pa) AMP KiwiSaver (Default) Fund 1.04 2.93 7.50 4.67 ASB KiwiSaver Conservative Fund (Default) 2.05 3.32 9.89 5.58 AXA KiwiSaver Income Plus (Default) […]
Asteron KiwiSaver shuts, recommends Grosvenor
Asteron has closed its $33 million KiwiSaver fund and is recommending its 6200 investors transfer their money to the scheme run by Grosvenor The closure of Asteron’s KiwiSaver scheme, flagged by Good Returns a fortnight ago, marks the third provider to shut up shop after the Australian-owned EoSaver and union fund IRIS folded two years […]