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Generate and Milford had the largest percentage gain in KiwiSaver funds under management in the December quarter, new data from Aon shows. It has released its KiwiSaver report for the December 2015 quarter. Total funds under management have increased by 5.4% over the quarter, well in excess of the growth due to investment gains. Generate’s […]

Milford has amassed more than $500 million in its KiwiSaver funds. It ended 2015 with $523 million under management from 13,330 members. Milford said its members had the highest average balance of any large KiwiSaver provider, at $39,230 compared to $11,950 for members across the scheme. “Milford’s main objective is to achieve the highest possible […]

ASB has generated a new KiwiSaver calculator projecting the savings Kiwis could have to draw on when they reach retirement. ASB’s KiwiSaver calculator allows KiwiSaver members to take charge of their own KiwiSaver savings, demonstrating how slight adjustments to contributions and fund selection can impact total KiwiSaver savings available at retirement. ASB’s quarterly ASB KiwiSaver […]

KiwiSaver’s first-home withdrawal function is a practical solution and a reflection of the reality of New Zealand house prices, providers say. Members are able to withdraw some or all of their KiwiSaver funds to purchase a first home after at least three years’ saving. That has been criticised in the past by those who said […]