Kiwi Wealth has followed BNZ and put administration of its default KiwiSaver Scheme on the MMC platform. MMC says this is an extension of its services to Kiwi Wealth. It will provide full registry services, as well as unit pricing and fund accounting for Kiwi Wealth’s Managed Funds and KiwiSaver products. By transitioning these services […]
Category Archives: KiwiSaver Articles
BNZ goes live with MMC’s registry services for KiwiSaver
BNZ have gone live with MMC’s registry services to support its default KiwiSaver scheme. MMC chief executive Vedran Babic says the project took six months to deliver and BNZ is the first KiwiSaver default provider for MMC’s registry services. The bank were already using MMC’s fund administration services for unit pricing and fund accounting across all their […]
KiwiSaver rides the waves
KiwiSaver funds continue to ride the wave of buoyant stock markets with all funds making positive returns to the quarter ending June 30. According to the latest Morningstar quarterly KiwiSaver Survey released this week, all multisector KiwiSaver funds made positive returns with average category returns ranging from 1.6% for the conservative category and up to […]
Kiwis concerned about retirement savings
More than 60% of New Zealanders are worried they will not have enough money to support themselves in their retirement, a new study shows. According to research undertaken by the Financial Services Council (FSC) – KiwiSaver at a Crossroads – almost three-quarters of those surveyed would also like KiwiSaver to be compulsory and support an […]