NEW ZEALAND - The New Zealand Superannuation fund has returned -11% for the third quarter of 2011.
The fund's value declined to NZ$16.6bn ($13.2bn) from the $19.03bn reported at then end of June, the end of the fund's fiscal year. In September alone, the fund was down 3.67% due to the ongoing decline...
NEW ZEALAND - The New Zealand Superannuation Fund rose by 25% in the year to June to hit a new high of NZ$19.03bn ($14bn), its annual report shows.
AUSTRALIA/NEW ZEALAND - Northern Trust has appointed Rohan Singh as managing director of its Australia and New Zealand business.
NEW ZEALAND - The New Zealand Superannuation fund has returned 25.05% for its fiscal year ending June 2011.
NEW ZEALAND - More than half (57%) of New Zealanders believe that KiwiSaver membership should be compulsory, according to research released by the Financial Services Institute of Australasia (Finsia).
NEW ZEALAND - The government's 2011/2012 proposed budget will halve matching tax credits for members' voluntary contributions to KiwiSaver while increasing employer and employee contributions to the scheme.