Term deposits and rental property remain the investment of choice for the majority of Kiwi’s, while Budget changes have dented KiwiSaver’s popularity, according to the latest ASB Investor Confidence Survey. kiwiSaver fell from 12% to 9% as the investment offering the best return, ranked behind term deposits, rental property and bank savings. “The changes to […]
Category Archives: KiwiSaver News
Fidelity KiwiSaver fund hurt by market volatility
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 […]
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 […]