OnePath has announced it has achieved two KiwiSaver milestones with over 400,000 members enrolled in its four KiwiSaver schemes and $2 billion in funds under management. With nationwide KiwiSaver membership at 1.7 million, ANZ fund manager OnePath now leads the industry with almost one in four KiwiSaver enrolled in its schemes. “We’re proud to have […]
Category Archives: KiwiSaver News
Fisher Funds strikes KiwiSaver deal with Mike Pero
Fisher Funds and Mike Pero Mortgages have announced an agreement for Mike Pero to distribute Fisher Funds KiwiSaver scheme. “This partnership brings together two strong Kiwi brands, leveraging the strengths of each,” said Fisher Funds managing director Carmel Fisher. “Mike Pero has a powerful distribution network throughout the country with superb client relationships and a […]
Budget to include KiwiSaver changes
Government confirmation that changes will be made to the KiwiSaver scheme in the May 19 Budget have prompted fears more uncertainty will undermine savings efforts. The Government is believed to be considering cuts to the $20 a week Government subsidy which costs the taxpayer $662 million a year. Prime Minister John Key and Finance Minister […]
Share performance boosts KiwiSaver returns over March quarter
Strongly performing shares helped offset natural disasters and economic uncertainty enabling KiwiSaver funds to post strong returns for the March quarter, according to the Morningstar KiwiSaver Performance Survey. “The strong returns from sharemarkets resulted in KiwiSaver funds with higher exposures to growth assets (shares and property) outperforming those with more invested in income assets (cash […]