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Martin Lewington

Negative quarter for KiwiSaver diversified funds: Mercer

Negative quarter for KiwiSaver diversified funds: Mercer
Wellington, Aug 11 NZPA - KiwiSaver diversified funds experienced their first negative quarter since March 2009, with negative returns across all fund types for the three months to June, consulting and investment firm Mercer says.

Calls to match Aussie tax changes continue

Calls to match Aussie tax changes continue
Wellington, May 4 NZPA - An increase in compulsory employer contributions to superannuation in Australia may see more New Zealanders moving across the Tasman, commentators say.

Australian employer contribution five times New Zealand

Australian employer contribution five times New Zealand
Wellington, May 3 NZPA - Australian employers will soon be putting five times the amount New Zealand employers are putting into employees' superannuation savings, according to Martin Lewington, head of Mercer New Zealand.

KiwiSaver Popular But People Feel Unprepared For Retirement

KiwiSaver Popular But People Feel Unprepared For Retirement
Wellington, March 18 NZPA - The economic events of the last two years have provided a reality check and left many New Zealanders feeling unprepared for retirement, according to a survey by Mercer.

Share-Based Kiwisaver Funds Enjoy Recovery

Share-Based Kiwisaver Funds Enjoy Recovery
Wellington, Feb 10 NZPA - Share-based growth funds have been the best performers for KiwiSaver over the last year but default funds have proved best over two years, according to a survey of the retirement savings scheme.

Balanced Funds Recoup Much Of 2008 Losses

Balanced Funds Recoup Much Of 2008 Losses
Wellington, Feb 5 NZPA - Balanced managed funds continued their recovery, delivering a positive return for the third consecutive quarter and regaining much of the losses experienced in 2008, a survey shows.

Growth Funds Perform Best In Latest Kiwisaver Survey

Growth Funds Perform Best In Latest Kiwisaver Survey
Wellington, Nov 17 NZPA - For the second consecutive quarter growth funds are the stand out performers in a survey of Kiwisaver funds by Mercer.

Kiwibank Plans To Seek Funding Offshore

Kiwibank Plans To Seek Funding Offshore
Wellington, Aug 20 NZPA - Kiwibank is for the first time planning to seek funding offshore, due to the pressure on domestic funding sources. Chief executive Sam Knowles said the move had been inevitable but was being brought forward a couple of years from what was previously expected.

Kiwibank's Annual Profit Up 43 Percent

Kiwibank's Annual Profit Up 43 Percent
Wellington, Aug 20 NZPA - Kiwibank has announced a normalised after-tax profit for the year of $52.5 million, up 43 percent from $36.8m last year. Chief executive Sam Knowles described the result, for the year ended June 30, as "a clear indication that the bank is on a strong growth path".

Growth Funds Perform Well In June Quarter Of Kiwisaver Survey

Wellington, Aug 11 NZPA - Growth funds were the best performers of the various KiwiSaver funds in the quarter to June 30, producing a median return of 7.9 percent, according to a survey by Mercer.

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