The range of returns from KiwiSaver funds is very wide according to the first performance report from research house Morningstar.This survey groups KiwiSaver options according to their mix of income and growth assets, known as their ‘asset allocation’. This is one of the most important decisions to make when saving for retirement income. The survey […]
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KiwiSaver Performance Survey results
Use these quick links to take you directly to a section on the table. Default Options Multisector – Conservative – Moderate – Balanced – Growth – Aggressive Single Sector Options – Cash – Fixed Income – Property – Australasian Equity – International Equity – Miscellaneous KiwiSaver Performance Survey – Returns to 30 September 2008 Fund […]
KiwiSaver law changes expensive for employers
The “total remuneration” approach to KiwiSaver has been effectively banned in legislation rushed through Parliament under urgency last week.In essence, the new law says a KiwiSaver member cannot be offered lesser terms (or be otherwise disadvantaged) in comparison with a “comparable” non-member employee of similar skills, experience and circumstances. The government’s rapid U-turn on total […]
Employers backing away from super aid, study finds
Employers are increasingly unwilling to provide one-on-one professional financial assistance to their employees in superannuation plans, according to a survey released last week by the Retirement Policy and Research Centre (RPPC). The Top 100 report, which surveyed 52 of New Zealand’s largest employers, found only 25% of respondents offered one-to-one help with their employees’ retirement […]