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Increasing optimism about the world economy led to a lift in global sharemarkets in the March quarter and boosted some local KiwiSaver funds, Morningstar says in its latest update. Its survey for the first quarter of this year shows that KiwiSaver schemes with a bias to shares out-performed, while those with strong cash and fixed […]

KiwiSaver schemes will have to show investors the dollar cost of their annual fees, from next year.   Now, the FMA is consulting on how those fees should be calculated and disclosed. It wants all providers to calculate the dollar figure of their fees int he same way. It has released a proposal for all […]

There are calls for the Government to give KiwiSaver providers a set deadline to divest from companies involved in the manufacture of cluster bombs, landmines and nuclear weapons. Four default providers – ANZ, Westpac, Kiwibank and Mercer – still have exposure to the industry despite a furore last year that drew public attention and condemnation […]

BNZ has announced it will drop its investments in companies involved in the production of cluster munitions, anti-personnel mines, nuclear weapons and tobacco or tobacco products. Its new responsible investment policy was announced on Thursday. “In the last three-and-a-half years our funds under management have grown from $1.5 billion to almost $4 billion today, so […]