KiwiSaver funds with allocations to defensive assets are starting to shine again, new data shows. For a number of years now, aggressive and growth funds with heavy allocations to equities have been the star performers. But the latest Morningstar survey, for the June quarter, showed more conservative options gaining ground amid international jitters. Most KiwiSaver […]
Category Archives: KiwiSaver News
KiwiSaver increasingly seen as retirement income option
A growing number of high-net-worth individuals are looking to KiwiSaver as a way to manage their retirement income, AMP’s general manager of insurance and investments says. AMP is introducing 16 new funds to its current 11 KiwiSaver options, which will be made available via an online platform. Therese Singleton said it was the next best […]
Advisers missing KiwiSaver opportunity
Advisers have an opportunity to encourage people to use their KiwiSaver statements to work out whether they are on track for retirement, although few of them seem to be taking it, the Financial Markets Authority says. It has released the results of a new survey, which showed 21% of KiwiSaver members had read their provider’s […]
AMP plans new funds
AMP is to expand its KiwiSaver offering. The provider will add 16 funds to its existing 11 KiwiSaver options, and nine more to the NZ Retirement Trust offerings, which currently sit at 18. The new options will be available near the end of the month. They will be provided by external providers including ANZ, ASB, […]