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Schemes chosen as the new crop of KiwiSaver default funds this year may find there’s demand from investors who want to opt in, one financial services lawyer says. One of the conditions of being selected as a default provider for the next seven years is that the scheme must be open to people who choose […]

KiwiSaver has changed New Zealand’s managed funds industry but it has had little effect on household finances so far, a superannuation researcher says. Michael Littlewood, co-director of Auckland University’s Retirement Policy and Research Centre, analysed the impact of KiwiSaver on New Zealanders’ finances, based on data from the Reserve Bank. “With 2.2 million members and […]

Having an above-average allocation to global shares pushed ANZ’s OneAnswer Growth Fund to the top of the Melville Jessup Weaver KiwiSaver performance charts. The quarterly survey reports on the performance and risk characteristics of the majority of New Zealand’s investment funds. It found the OneAnswer Growth KiwiSaver fund returned 19.9% in the 12 months ended […]

Buoyant stock markets helped KiwiSaver growth funds achieve another solid year in 2013, according to new figures by research house Morningstar. But despite the continued strong performance of growth funds, the bulk of KiwiSaver money remains in more conservative options. Aggressive funds were the top performers in the year ended December 31 with a total […]