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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 […]

The September quarter saw KiwiSaver funds rebound, with all types of funds producing positive returns as fears of a double-dip recession eased, according to the latest Mercer KiwiSaver survey. KiwiSaver returns received a boost as global share markets, which took a battering in the June quarter, bounced back. KiwiSaver growth funds – which have the […]

The Real Property KiwiSaver Scheme (RPKS) was closed down in May and the funds of members are now to be distributed to other providers. RPKS director Lindsay Hay says a bulk cheque from the funds has been given to Prince Partners to distribute. He says about 90% of RPKS members have chosen a new KiwiSaver […]

Making KiwiSaver a compulsory savings isn’t the silver bullet to address New Zealand’s dismal savings record, with the evidence across the Tasman unclear, according to the Savings Working Group. The group’s chairman, Kerry McDonald, told a media briefing in Wellington the group was using Australia as a “laboratory” to draw on the experience across the […]