Category Archives: KiwiSaver Articles

KiwiSaver funds provided positive returns for the fourth straight quarter, though the growth is running out of steam and ongoing fears of a debt crisis in the euro zone may be partly to blame, according to Mercer (NZ) Limited. The median return for the most conservative Default Funds was 2% in the three months ended […]

The latest KiwiSaver Performance Survey results from Morningstar.   KiwiSaver Performance Survey – Returns to 31 March 2010           Default Options 3-month (%) 6-month (%) 1-year (%) 2-year (%pa) AMP KiwiSaver (Default) Fund 1.04 2.93 7.50 4.67 ASB KiwiSaver Conservative Fund (Default) 2.05 3.32 9.89 5.58 AXA KiwiSaver Income Plus (Default) […]

Asteron has closed its $33 million KiwiSaver fund and is recommending its 6200 investors transfer their money to the scheme run by Grosvenor The closure of Asteron’s KiwiSaver scheme, flagged by Good Returns a fortnight ago, marks the third provider to shut up shop after the Australian-owned EoSaver and union fund IRIS folded two years […]

In the latest amendment to its prospectus Asteron has strongly signaled it may soon close its KiwiSaver fund. The prospectus amendment, dated April 1 this year, says the Suncorp-owned fund manager and insurer, “regularly reviews its business operations in the light of market developments”. “In particular, over the 12 months preceding the date this prospectus […]