KiwiSaver Survey | March Quarter 2013
Morningstar has released its quarterly KiwiSaver Performance Survey, designed to help New Zealand investors assess the performance of their KiwiSaver superannuation options.
Published 30 April 2013
Morningstar has released its quarterly KiwiSaver Performance Survey, designed to help New Zealand investors assess the performance of their KiwiSaver superannuation options. The accompanying tables show KiwiSaver fund returns for the one, three, and five years to 31 March 2013.
The first quarter of 2013 was a period of significant change for a number of KiwiSaver providers. AMP Wealth (formerly AXA), National Bank, and ASB’s FirstChoice KiwiSaver have all closed to new investors. All the above scheme’s will continue to be run in the same fashion they have previously for existing investors, although each Provider has stated these schemes will be either merged into a comparable option, or is under a strategic review.