Impressive returns in equities and property have helped KiwiSaver growth funds achieve strong results in 2012, according to Morningstar’s latest KiwiSaver survey. In the 12 months to December 31 growth fund returns averaged 14.0%, well ahead of balanced funds (12.4%), moderate funds (9.7%) and conservative funds (including default options), which averaged 7.9%. The double-digit returns […]
Category Archives: KiwiSaver News
BNZ registers KiwiSaver scheme
More than five years after KiwiSaver began, BNZ looks set to finally join the game. BNZ has long been the only major bank without its own KiwiSaver product and has instead offered the AXA KiwiSaver scheme to retail customers and the AMP KiwiSaver scheme to business clients. But it has now registered a KiwiSaver scheme […]
Ex-Fisher CIO launches KiwiSaver scheme
Former Fisher Funds chief investment office Warren Couillault is involved in a new venture that has launched a KiwiSaver scheme. The Generate KiwiSaver scheme, New Zealand’s newest KiwiSaver scheme, was registered with the Financial Markets Authority on December 17. Generate Funds was established in November and its directors include Couillault and Peter Brook, an independent […]
Cullen calls for major KiwiSaver changes
KiwiSaver should be made compulsory and contribution rates should be increased, the scheme’s founder Sir Michael Cullen told a conference yesterday. The former Finance Minister has also mooted making annuities compulsory or implementing a one-off tax on KiwiSaver schemes at maturity to help reduce future New Zealand Superannuation costs. Under Sir Michael’s plan, KiwiSaver would […]