New data from the Financial Services Council shows New Zealanders now have nearly $60 million in their KiwiSaver accounts. The FSC said the total pool was now $58.53b, up $1.26b over the last quarter and 16.5 per cent in a year. “The growth of the KiwiSaver pie is very encouraging news for New Zealanders, as …
Category Archives: KiwiSaver News
Investors deserve clearer insights
The risk with risk indicators It is disappointing that a decade after the global financial crisis, New Zealanders continue to remain vulnerable because of the rules around risk indicators. This is especially the case for bond investors, who are often conservative in nature and consider fixed interest a safe haven in times of volatility. Unfortunately, after a decade of low interest rates, bond …
BNZ cuts KiwiSaver fees
BNZ has cut the fees it charges across its KiwiSaver funds and is shifting to an passive approach for international assets. Chief customer officer Paul Carter said: “The onus is on financial institutions to do everything we can to remove obstacles, to make things simpler, and give people better tools and advice. That’s why we’re …
Morningstar: Fortunes turn for KiwiSaver funds
A strong quarter for share markets has helped KiwiSaver funds back into positive territory. Morningstar’s latest KiwiSaver survey shows all the funds on its database turn in a positive result for the March quarter, after almost uniformly losing money the previous three months. Over the March quarter the S&P/NZX 50 Index was up 11.7%, erasing …
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