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KiwiSaver members have gained about $2.50 for every $1 they have contributed to the scheme, Milford Asset Management data shows. The scheme is now nine years old. Individuals have invested $14 billion in their accounts over that time, but have $35 billion between them now. The $21 billion in gains is made up of $8 […]

KiwiSaver providers should be required to disclose a range of extra information in their annual statements, including the total fee in dollar terms a member has paid during the year, the Ministry of Business, Innovation and Employment is suggesting. It has released a consultation document outlining proposed changes to annual statements for KiwiSaver, superannuation and […]

KiwiSaver providers say some of the guidance they are getting from the Financial Markets Authority about their sales and advice processes may be getting in the way of members switching funds. The FMA has released its latest KiwiSaver report, which shows that, for the first time, the number of people transferring between schemes was higher […]

Morningstar analysts have given their stamp of approval to a reduction in ANZ KiwiSaver fees. The rating house has given the bank’s KiwiSaver funds a silver rating. Analyst Elliot Lucas said the depth and tenure of the ANZ investment team was unmatched among KiwiSaver providers, although investment analyst Alan Clarke and senior capital markets manager […]