Managed Funds
KiwiSaver caution minimises losses
Protective measures taken by many fund managers mean that although most growth and balanced KiwiSaver funds are showing painful losses over their first full year of existence, the blow from plunging sharemarkets has been softened.
Kiwisavers undeterred by credit squeeze
Despite global financial market turmoil more New Zealanders understand KiwiSaver and are using it to save for their retirement, a new survey shows.
NZ Super Fund loses $880.75m
The fund set up to help out with New Zealand's burgeoning pension bill has - as expected - lost money this year in the face of turbulent global markets.
Negative year for Super Fund
The New Zealand Superannuation Fund said today it expected its investments to have declined in value over the June financial year with the "dramatic and unsettling" financial environment denting performance.
Government superannuation fund records deficit
The Government Superannuation Fund (GSF) has recorded an after-tax deficit of $260.9 million in the year to June 30, which it puts down to falling share markets.
Investors urged to keep faith
Investors who have their money in managed funds, including through KiwiSaver, are being urged to not "lose faith" when they see the negative impact the recent volatility in markets has had on their funds, the Investment Savings and Insurance Association says.
Super chief unfazed by volatility
Institutional collapses and plunging markets will add value to the New Zealand Superannuation Fund despite the dire losses facing share-based funds, says chief executive Adrian Orr.
KiwiSaver numbers keep rising
KiwiSaver broke another milestone this month, with the number of people signed up to the government superannuation scheme reaching 800,213 as of September 13.
Managed funds outflow rising
Kiwi's savings in retail managed funds and in many KiwiSaver investments have been hit by the financial crisis in the United States and global sharemarket turmoil.
KiwiSaver's mortgage diversion relaxed
More KiwiSavers will be able to divert contributions towards repaying their mortgages under changes to the scheme, Finance Minister Michael Cullen announced today.