The KiwiSaver pot grew by $7 billion to $117.6 billion in the third quarter of this year with QuayStreet, Milford and Generate highlighted as some of the strong performers over the long term. According to research firm Morningstar’s latest KiwiSaver survey, the third quarter saw a mixed performance across the various asset classes, with some […]
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KiwiSaver shortcomings identified in global report
Bumping up KiwiSaver contributions and introducing a carer’s savings credit for those with young children are among the improvement measures identified in a new report benchmarking New Zealand against other countries’ pension systems. The Mercer CFA Institute Global Pension Index compares 48 retirement income systems based on their adequacy, sustainability and integrity. New Zealand is […]
Tattoo removal and IVF companies are part of Generate’s new PE deal
Generate KiwiSaver makes another investment into private equity. Generate KiwiSaver Scheme is committed US$25 million in to Australian-based HEAL Partners Fund II which specialises in health and education investments. The fund isca late-stage growth and follow-on fund, and has raised A$200 million and is targeting A$350million to A$500 million in commitments. Generate has now committed […]
KiwiSaver engagement and active choice growing
Milford, Generate and Simplicity KiwiSaver have each enjoyed massive growth in assets under management over the last five years. In the five years to March 2024, Milford added around $6.5 billion in assets with a 40% per annum growth rate, while Generate and Simplicity also enjoyed high growth rates of 35% and 47% respectively, according […]