One of Fidelity Life’s KiwiSaver funds is being buffeted by the same global financial forces which forced the liquidation of the $75 million NZDX-listed Fidelity Capital Guaranteed bonds last week. Fidelity’s options KiwiSaver fund uses the same strategy which includes writing put and call options on New Zealand, Australian and US government bonds. Its […]
Category Archives: KiwiSaver Articles
Government considers KiwiSaver auto-enrolment
Prime Minister John Key has signalled the Government is considering further changes to KiwiSaver that could see everyone in employment auto-enrolled into the savings scheme. Key said auto-enrolment would be an option included in a discussion paper to be made public in the next few weeks and that the Government was asking IRD and the […]
OnePath and ASB lead the KiwiSaver pack
OnePath and ASB remain the dominant players in the KiwiSaver market, with 45.40% of KiwiSaver assets between them, according to the Morningstar KiwiSaver Performance Survey for the June quarter. Morningstar’s co-head of fund research, Chris Douglas, said that while KiwiSaver results for the second quarter were mixed, largely due to the high Kiwi dollar creating […]
KiwiSaver membership tops 1.75m
Total KiwiSaver membership topped the 1.75 million mark in June despite a downturn in the sign-up rate, according to KiwiSaver provider Tower Investments. Chief executive Sam Stubbs said that while the membership milestone was passed, “growth rates for KiwiSaver sign-ups fell after the Government’s Budget announcements of late May.” “Anecdotal evidence indicated that public […]