News

Self managed KiwiSaver likely

Wednesday 26th of June 2013

Self-managed super funds (SMSF) are a big part of the Australian superannuation market, and are the fastest growing segment.

Turnbull said 40% of the Australian sharemarket was owned directly or indirectly by superannuation monies, about ten times the amount in New Zealand. “A big part of that is the self-managed funds.”

He said he was optimistic that it was a feature of the Austr...

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