KiwiSaver fund performance has rebounded in the first few months of 2019, more than recovering last year’s losses after a volatile quarter in the markets saw many member balances dip. In the first three months of 2019, ASB’s growth fund performance was 9.11% after tax and fees, significantly higher than the -8.14% seen in the […]
Category Archives: KiwiSaver News
Too little action for too long: AFA
New Zealand's financial services sector needs more action and less talk to help Kiwis get the best outcomes from their investments, one financial adviser says. Authorised financial adviser John Cliffe spoke at the Retirement Policy and Research Centre and Public Policy Institute forum last week. He said a lack of regulatory action had left many […]
Hawes’ scheme launches more funds
KiwiSaver provider Summer has launched two new funds to complement its Summer Investment Selection and My Plan offers. Summer Investment Committee chair Martin Hawes said the new funds would be known as the Summer Conservative Selection and the Summer Growth Selection. The Summer Investment Selection has also been renamed the Summer Balanced Selection. “The new […]
Tindall backs Simplicity with $1.5m
Sir Stephen Tindall is lending his support to not-for-profit KiwiSaver scheme Simplicity. The businessman and Simplicity founder Sam Stubbs announced $1.5 million had been invested in Simplicity via K1W1, the Tindalls' seed and venture capital fund. Simplicity says it is one of the country's fastest-growing KiwiSaver funds, with more than 22,000 members. The money will […]