Kiwibank has registered its KiwiSaver scheme with the office of the Government Actuary (GA), joining Milford as the second new provider to enter the fray this year. The scheme was registered on May 5, just days after the Asteron KiwiSaver scheme closed its doors. While further details of the new scheme are yet to be …
Category Archives: KiwiSaver News
Regulation not strangulation for KiwiSaver please
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 …
Continue reading “Regulation not strangulation for KiwiSaver please”
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 …
Continue reading “KiwiSaver returns plateau after four quarters of gains”
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) …