KiwiSaver assets rose $3.5 billion to $110.8b at the end of the June quarter, up $13.3b from the June quarter last year. Morningstar’s 2024 Q2 survey of 21 KiwiSaver providers comparing 296 products, estimates annual fee revenue for the quarter at $869 million, up from $779m in the past 12 months, with a projected annual […]
Category Archives: KiwiSaver News
Are financial markets too complacent about geopolitical risks?
Financial markets appear to be overlooking any potential volatility from global political and other international developments, according to MJW in commentary attached to its latest survey of fund performances. “While bond market volatility is above average, it is trending down,” MJW's Ben Trollip said. “Equity market volatility is not far off 'rock bottom' levels. And […]
Passive approach pays off for Simplicity’s KiwiSaver investors
Taking a passive approach to investment paid off for those in Simplicity's growth and blanced KiwiSaver funds in the June quarter and for those in its newer default fund created after it was chosen two years ago to be one of the six default managers. But active manager Milford Asset Management continues to produce superior […]
KiwiSaver highly competitive with much larger Aussie and British peers
KiwiSaver fees are “highly competitive” with the fees charged by much larger Australian and British peers, according to analysis by Deloitte Consulting Australia commissioned by Generate KiwiSaver. It also found that the fees charged on default KiwiSaver funds are on average lower than the fees charged to members of similar default fees in Australia and […]