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KiwiSaver has jumped ahead of managed funds and shares as the investment option offering the best returns, and an increasing number of people see the scheme as their primary means of retirement. The findings have been revealed in the latest ASB Investor Confidence Survey which found KiwiSaver the third most favoured investment option behind term […]

Returns to 31 December 2010   Default Options 3-month (%) 6-month (%) 1-year (%) 2-year (%pa) 3-year (%pa) AMP Default Fund 1.86 4.17 4.63 5.55 3.97 ASB Scheme’s Cnsrv (Default) 0.54 3.93 5.69 6.04 4.72 AXA Income Plus (Default) 1.00 4.40 6.22 8.46 4.44 Mercer Conservative (Default) 0.62 2.69 6.34 10.10 5.34 OnePath Conservative (Default) […]

Mike Pero Mortgages has ended its KiwiSaver distribution deal with Huljich Wealth Management, though the company has been tight lipped on the reasons for the move. “All I can say is there are commercial reasons for us not distributing that product and that’s as far as I’d like to go on that,” said Shaun Riley, […]

First NZ Capital Investment Management (FNZC) has decided to exit the KiwiSaver market and transfer its business to Fisher Funds. After securing approval from the government actuary FNZC is to transfer all scheme members into the Fisher Funds KiwiSaver Growth Fund. “Fisher Funds offers what we consider to be a well resourced and experienced investment […]