Flows of KiwiSaver money into New Zealand equities are putting pressure on the market and could make it hard for managers to cash out if they want to, it has been claimed. Sam Faulkner, of Russell Investments, has written a report looking at the rapid growth of KiwiSaver assets and their effect on the New …
Category Archives: KiwiSaver News
KiwiSaver members lack knowledge on fees
Most New Zealanders are clueless about KiwiSaver fees and not much better informed about their funds’ performance, a new survey has shown. The survey was released by the Commission for Financial Capability and the Financial Markets Authority. It found fewer than half of the respondents knew even roughly what they were paying in fees and …
Generate rakes in new FUM
Adviser-distributed Generate KiwiSaver grew its funds under management by just over a quarter in the three months to the end of June, a new survey shows. Aon has released its KiwiSaver survey for the June quarter, which shows overall FUM increased by 4%, to $32.9 billion. But Generate was a standout performer, with a 28.4% …
Call for KiwiSaver to follow Super Fund on ethical investing
New Zealand’s newest KiwiSaver provider is calling on the rest of the industry to adopt standard responsible investing protocols. KiwiSaver investments have been in the spotlight over recent days after a political outcry over revelations that some default funds are invested in companies making bombs and land mines. Sam Stubbs, of new KiwiSaver provider Simplicity, …
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