With returns of 15.2% in the quarter and 20.3% in the past 12 months, Fisher Funds was the best performer in the two growth categories. The annual median growth fund return was 1.2% with a quarterly return of 10.8%, according to the survey. “In the last six months balanced and growth funds have pegged back […]
Category Archives: KiwiSaver News
Super portability included in November tax bill
Legislation allowing New Zealanders returning home from Australia to bring their retirement savings with them will be introduced to Parliament in about two weeks, Finance Minister Bill English says. Providing the necessary law changes are made in Australia, it is envisaged the new arrangements will take effect in the second half of next year. Currently, […]
KiwiSaver members reach almost 1.2m
KiwiSaver membership reached almost 1.2 million people in its second year, a growth of 54%, according to figures released by the Inland Revenue Department (IRD). “We saw KiwiSaver’s membership reach almost 1.2 million people (1,189,597 as at end of September, 2009), with growth of 54% in that second year,’” Revenue Minister Peter Dunne says. […]
KiwiSaver rally strongest in riskier, long term plays
KiwiSaver investors with strong stomachs and funds in high growth, higher risk assets did best as the global market recovery over the past six months, according to a Morningstar Australasia survey. A substantial investment market rally has seen the NZ sharemarket up 22%, Australia up 35% and the aggregate global sharemarket up almost 12% since […]