The predicted consolidation in the KiwiSaver market is likely to produce more work for advisers. Speculation is brewing about the impending sale of Tower’s fund management business, including its $900 million KiwiSaver scheme. BNZ, which recently registered its own scheme, and Fisher Funds are among those touted as possible buyers. Meanwhile, TSB Bank – which […]
Category Archives: KiwiSaver Articles
Bumper year for KiwiSaver growth funds
Impressive returns in equities and property have helped KiwiSaver growth funds achieve strong results in 2012, according to Morningstar’s latest KiwiSaver survey. In the 12 months to December 31 growth fund returns averaged 14.0%, well ahead of balanced funds (12.4%), moderate funds (9.7%) and conservative funds (including default options), which averaged 7.9%. The double-digit returns […]
BNZ registers KiwiSaver scheme
More than five years after KiwiSaver began, BNZ looks set to finally join the game. BNZ has long been the only major bank without its own KiwiSaver product and has instead offered the AXA KiwiSaver scheme to retail customers and the AMP KiwiSaver scheme to business clients. But it has now registered a KiwiSaver scheme […]
Ex-Fisher CIO launches KiwiSaver scheme
Former Fisher Funds chief investment office Warren Couillault is involved in a new venture that has launched a KiwiSaver scheme. The Generate KiwiSaver scheme, New Zealand’s newest KiwiSaver scheme, was registered with the Financial Markets Authority on December 17. Generate Funds was established in November and its directors include Couillault and Peter Brook, an independent […]