There is potential for KiwiSaver to grow the retirement savings pool but it is unclear whether that has been the case so far according to industry experts. Speaking at the Workplace Savings conference in Christchurch Inland Revenue senior evaluator Katherine Meerman says it is an important but unanswered question. “Because if KiwiSaver isn’t growing the …
Category Archives: KiwiSaver News
KiwiSaver funds in the red
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 …
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 …