
KiwiSaver funds rise despite weak NZ sharemarket
More than $88 billion is now invested in KiwiSaver funds.
More than $88 billion is now invested in KiwiSaver funds.
Kiwi Wealth has about $9 billion in assets under management.
The NZ share market has fallen about 11 per cent in the last year.
Making different choices can maximise your retirement nest egg.
Morningstar research looked at the performance of funds over the last 5, 7 and 10 years.
Panel discussion comes a day after Government indicates it is looking to make tweaks.
Commerce and Consumer Finance Minister David Clark has foreshadowed more change.
The number of default providers will drop from nine to six.
New Zealand's index value decreased from 68.3 in 2020 to 67.4.
More than 21,000 members will transition to Fisher Funds.
The move follows that of BNZ, Westpac and AMP.
"It's very powerful to save even quite small amounts over long periods," says Mary Holm.
The move by AMP follows Westpac's fee cut announcement last month.
Darling Group grows avocados, kiwifruit, blueberries and citrus in New Zealand.
The strong rise in sharemarkets has helped boost returns for Milford.
The fees will be changed from the end of September.
On losing its default status and its massive growth.
But there is no firm timeframe on when it will it will happen.
Around 300,000 members with $3.57 billion invested could be moved to other providers.
The changes affect 381,000 Kiwis.
The number of default providers will shrink from nine to six.
Kiwi Wealth has already committed more than $100m to private equity investments.
There is more than $78 billion invested in KiwiSaver.
New Kiwi Wealth CEO talks about being promoted from a part-time role.
Online advice platform to offer a mix of digital and human advice.
Industry guidance isn't enough to force change, providers say.
The regulator wants providers to prove they are offering value for money.
Stock exchange's passive investment funds invest in nuclear-related companies.
Some members had to wait months not knowing when their contributions would be paid.