The March 2024 reporting year for KiwiSaver showed the strongest growth in total funds since 2021 and passed the $100 billion milestone, according to the Financial Markets Authority. The FMA’s annual KiwiSaver report says due to compound returns and fund selection, the next $200b will arrive a lot sooner than the first. There are now …
Category Archives: KiwiSaver News
Sharesies KiwiSaver adds multiple-base fund selection
Sharesies KiwiSaver members can now combine multiple base funds instead of having to choose only one for their KiwiSaver scheme. When Sharesies launched its self-select KiwiSaver scheme last November, members had to choose between one of five base fund options, ranging from conservative to high growth, and could also invest up to half their portfolio …
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Two KiwiSaver schemes report larger losses but make revenue gains
Two of the newer KiwiSaver schemes chalked up larger losses in their latest financial year. But while Sharesies KiwiSaver scheme had about 5,000 members at March 31, it has since reached about 8,000 members and needs about another 5,000 to join to allow it to break even, according to Sharesies co-founder and chief executive Leighton …
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ASB CEO talks compulsion, contribution and PE in KiwiSaver
ASB CEO Vittoria Shortt would like to see change when it comes to KiwiSaver policy and is interested in developing the product. Shortt says she’s very happy with the scheme and the bank's strategic partnership with Blackrock as underlying asset manager has yielded pleasing results which will be evident when it puts out its investing …
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