Sharesis has been granted a managed investment scheme licence and plans to roll out a KiwiSaver scheme next year. Sharesies will be launching a KiwiSaver scheme in the first half of 2023 with Kiwis able join the waitlist for early access. The KiwiSaver scheme is described as a natural step in Sharesies evolution since it […]
Category Archives: KiwiSaver News
Ethical investment returns the goods
For the first time, responsible investment KiwiSaver provider Pathfinder is included in the three year return numbers for Morningstar’s KiwiSaver Report – topping the numbers for Conservative, Balanced and Growth funds. Pathfinder, a boutique fund manager with a focus on sustainable and impact investment, entered the rankings in 2019 when it was founded by John […]
KiwiSaver mirrors difficult market in Q3
Challenging underlying market conditions experienced over the September quarter were evident in returns listed in the Morningstar KiwiSaver Survey Q3. Average multisector category returns ranged from –1.3% for the Conversative category to –1.8% for the Growth Category. KiwiSaver assets ended the quarter at NZ$83.5 billion. Top performers over the quarter against their peer group includes: […]
KiwiSaver 2022: higher fees, lower investment returns
New Zealand’s 3.168 million KiwiSaver members paid $692 million in fees in 2022, a 6.9% increase from the previous year. These fees – a combination of administration and management charges – chewed up more than half of members’ investment returns, which this year dropped 90% to $1.3b. Income from administration fees fell from $80.8m last […]