The government has proposed it will review the tax treatment of annuities in response to the Capital Markets Development (CMD) Taskforce recommendation and the financial adviser industry says the review is a must because of KiwiSaver. The CMD Taskforce recommended that the government should support the development of the annuities market and Taskforce chairman …
Category Archives: KiwiSaver News
AMP dominates KiwiSaver performance
AMP dominated KiwiSaver fund growth in the December 2009 quarter with its conservative, balanced and growth funds all the best performers toppling Huljich Wealth Management from the top. FundSource’s Latest KiwiSaver Report showed that AMP’s KiwiSaver Conservative Fund produced a return of 2.19%, its AMP KiwiSaver ING Balanced Fund a return of 5.03% and its …
KiwiSaver Performance Survey
KiwiSaver Performance Survey – Returns to 31 December 2009 KiwiSaver Performance Survey – Returns to 31 December 2009 Default Options 3-month (%) 6-month (%) 1-year (%) 2-year (%pa) AMP KiwiSaver (Default) Fund 1.87 4.44 6.78 3.94 ASB KiwiSaver Conservative Fund (Default) 1.23 5.09 6.43 4.24 AXA KiwiSaver …
ING reaches $1 billion mark with KiwiSaver
ING has become the first KiwiSaver provider to hit the $1 billion mark in funds under management. ING head of KiwiSaver distribution David Boyle says the number of New Zealander’s that have joined KiwiSaver is much greater than was expected when KiwiSaver was first launched in 2007. “We’re rapt to have reached the $1 billion …
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