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Banks secure hold on KiwiSaver
Friday 12th of August 2016
The report, for the June quarter of this year, shows the scale and flow of the New Zealand managed funds market.
AMP leads the pack with 28.3% of the overall retail market, but that has dropped from 38.7% in June 2013, as its big bank competitors increased their hold on the KiwiSaver landscape. It lost $549.7 million in the June quarter alone.
It also dropped its KiwiSaver market...
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