AMP KiwiSaver funds' long term under-performance across the board

By Pattrick Smellie | Tue, 11 Feb 2020


KiwiSaver funds operated by AMP, the country's fourth largest provider of the retirement savings plans, have under-performed over a 10-year period relative to their peers, irrespective of whether savers are choosing conservative or high-risk investment approaches.The December quarter KiwiSaver Survey from research house Morningstar shows that anyone who has had their KiwiSaver savings with AMP over the last decade has received lower than average returns compared to competitors.AMP was early to the market as a provider for KiwiSaver, which was e...