A KiwiSaver provider offering members the ability to pick the assets their retirement savings are invested in says only a small percentage of investors want to take such a hands-on approach. NZX-owned Superlife gives investors more control of their KiwiSaver accounts, if they want it. As well as funds that will be familiar to most […]
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Amanah amasses members
New Zealand’s only shariah-compliant fund manager has amassed $8.5 million across its KiwiSaver and unit trust in its first year in business. Founder Brian Henry said it had accumulated 700 members. “We’re pretty pleased with that growth. We only started marketing it heavily in September. There have been so many other things to organize and […]
Withdrawals increase
The amount of money being withdrawn from KiwiSaver accounts to fund first-home purchases soared in the year to January, new data from Inland Revenue shows. Members have pulled about $470 million out of the scheme over the year to purchase a first home. Changes introduced in April allowed members to withdraw their member tax credit […]
Managers move away from alternatives
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 […]