KiwiSaver funds under management increased 7.2% for the first quarter of the year (from $107.5 billion to $115.2 billion) to deliver 18.6% over the previous 12 months, but the value of NZ assets fell for the quarter. The value of KiwiSaver NZ assets decreased 4.17%, from $49.1b at the end of December 2023 to $47.1b […]
Category Archives: KiwiSaver News
No shift on KiwiSaver balance gender gap
New KiwiSaver analysis for 2023 shows the 25% gap between men and women’s balances did not improve over the year. The average KiwiSaver balance at Dec 31 2023 was $31,823, an increase of 16.2% ($4,444) from the previous year, shows research by Melville Jessup Weaver (MJW) for Te Ara Ahunga Ora Retirement. The increase reflects […]
National Capital: Women should back themselves on investment
Women can narrow the $61 billion KiwiSaver retirement gap through playing to their investment strengths, says financial advice firm National Capital. In its fifth quarterly report on KiwiSaver, National Capital says women, on average earn 25% less salary than men. This, combined with a less growth-oriented investment strategy favoured by women, means the KiwiSaver gender […]
Aurora KiwiSaver targets private assets that support business growth
Aurora Capital, which has allocated 3% to private corporate debt for its KiwiSaver conservative and growth funds, is also interested in investing in startup companies. Sean Henaghan, chief investment officer with Christchurch-based Aurora, says a new mandate with Queenstown-based private credit manager Private Capital Group (PCG) is just the first cab off the rank when […]