Some KiwiSaver heavyweights not the best options

Jenny Ruth
Thu, 30 Jul 2020

AMP's funds continue to provide among the poorest returns among KiwiSaver options while the largest player in the market, ANZ Bank, has produced superior returns from its default fund but mainly mediocre returns from its others. The best performing funds in individual categories, such as balanced and growth funds, tend to be smaller providers, but no single manager stands out as the best in all categories. The latest figures from Morningstar for the June quarter show AMP's default fund – the second largest – was the worst performer in six...
Primary Sector
China trade fears unmatched by good alternatives: report
Pattrick Smellie | Wed, 05 Aug 2020

Fears that New Zealand is overly reliant on trading with China ignore that there are few more attractive markets for many of the country's major exports, says a report by economic consultancy Sens...

Listed Companies
SFO-directed raid complicates Spark claim
Victoria Young | Wed, 05 Aug 2020

An accused co-conspirator has complained a Serious Fraud Office-ordered raid on his home has meant he can't comply with disclosure orders in a case brought by Spark New Zealand.  The telco claims t...

Primary Sector
Farmers to get $122m in fertiliser cheques
Brent Melville | Wed, 05 Aug 2020

Fertiliser heavyweights Ballance Agri-Nutrients and Ravensdown have fought their way through the covid-19 response, kicking back rebates of $54 million and $68 million respectively to farmer-sharehold...

Partner content
Don’t fear the robots. How software can help your business succeed

New Zealand businesses are on the road to recovery from the economic impact of the Covid-19 crisis but they, like corporates around the world, are having to change their operational practices.