Private companies are being suggested as a good place for KiwiSaver providers and other fund managers to find growth opportunities. John Johnston, of Milford Asset Management, said a disproportionate share of New Zealand’s economic output was concentrated in the hands of privately-owned enterprises rather than being accessible to investors via the listed market. He said […]
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Booster KiwiSaver passable, Morningstar says
Research house Morningstar has given faint praise to the KiwiSaver schemes operated by Grosvenor, now rebranded as Booster. The balanced fund, balanced growth, conservative fund, high-growth fund and default saver fund have all been given a neutral rating in the latest update. They were previously rated negative. Morningstar hands out gold, silver, bronze, neutral and […]
Fees in dollar terms? Easier said than done
Work is under way to require superannuation savings scheme providers to report on their annual fees in dollar terms – but some providers say that might be harder than some expect. The Financial Markets Authority, Commission for Financial Capability and Ministry of Business, Innovation and Employment are working on a project that could lead to […]
Craigs schemes get rebrand
Craigs Investment Partners is renaming both its KiwiSaver schemes in a bid to improve clarity for consumers. Craigs has announced it is to repackage its kiwiSTART Defined KiwiSaver scheme as QuayStreet KiwiSaver. Quay Street will take over as the named manager of the fund from Craigs Investment Partners Superannuation Management, but the underlying product, and […]