KiwiSaver provider Fidelity Life has teamed up with giant global investment manager Dimensional to launch two new funds. Fidelity Life is launching the Asset Class Conservative Kiwi Fund and the Asset Class Growth Kiwi Fund, which will both have DFA Australia (Dimensional) as their primary fund manager. Dimensional manages more than US$270 billion in assets […]
Category Archives: KiwiSaver News
Hedge funds offered as point of difference
KiwiSaver members will be offered the chance to invest in hedge funds by a new player in the market, Generate KiwiSaver. It registered its prospectus on Friday. Generate KiwiSaver is run by Generate Investment Management, headed up by former Huljich Wealth Management investment manager Henry Tongue. Directors include Warren Couillault, formerly of Fisher Funds. The […]
AMP to merge KiwiSaver schemes
AMP has announced plans to transfer its AXA KiwiSaver customers to the AMP KiwiSaver Scheme as it moves toward having a single scheme. Under the terms of the proposed transfer, which has to be approved by the Financial Markets Authority, all existing AXA KiwiSaver Scheme customers will be transferred to an “enhanced” AMP KiwiSaver Scheme. […]
ANZ: Still work to be done on KiwiSaver
There is still work to be done to help people feel confident about setting a plan for their KiwiSaver accounts to achieve their retirement goals, ANZ says. Retirement savings confidence has dropped among young people but remained flat overall at 47%, according to ANZ’s latest Retirement Savings Confidence Barometer. Among those who are saving, more […]