Finance

AMP a laggard with KiwiSaver default status on the line

Dan Brunskill
Thu, 29 Oct 2020

AMP a laggard with KiwiSaver default status on the line
Dan Brunskill
Thu, 29 Oct 2020
AMP’s KiwiSaver is still the worst-performing default provider as the deadline to bid for the next seven-year contract creeps closer.  The latest Morningstar report shows AMP delivering the lowest returns in each timeframe, except the past quarter. Across the past decade, AMP has generated an annual 4.9 percent return after fees for its default fund investors compared to more than 5.5 percent from its peers.ANZ’s default conservative fund has been the best performer, generating a 6 percent annual return in the past 10 years, fo...

Not convinced yet?

Subscribe to our Daily News Update free newsletter.

Markets FREE
Contact Energy kicks off earnings season
Staff reporters | Mon, 15 Aug 2022

Contact Energy kicked off earnings season today, telling shareholders its annual profit had dipped 2.6% from 2021, and a $300 million investment into a new geothermal power station is on the way.

Transport
Aucklanders must get out of cars, onto public transport, says emissions plan
Oliver Lewis | Mon, 15 Aug 2022

Auckland council has unveiled its pathway to reduced transport emissions.

Law & Regulation
Address climate change now, supreme court told
Victoria Young | Mon, 15 Aug 2022

Fonterra, Genesis and others face climate change activist Mike Smith.

Sponsored
Communication the barrier to ‘human firewall’ technology

Communication is the barrier to New Zealand adopting the global Zero Trust cybersecurity strategy, says a new survey.

Sponsored
A clearer path to the cloud

Step-by-step cloud transition can bring benefits, experts say.