KiwiSaver

Budget changes hit KiwiSaver’s appeal

Tuesday 16th of August 2011

kiwiSaver fell from 12% to 9% as the investment offering the best return, ranked behind term deposits, rental property and bank savings.

"The changes to KiwiSaver announced in Budget 2011 appear to have shifted investor perceptions of KiwiSaver," said ASB head of private banking and wealth management, Jonathan Beale.

"The swing in attitude can also be seen in the 6% drop in the nu...

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