Wy would any mortgage or insurance adviser refer their client to a kiwi saver provider/scheme that the owners also own a competing mortgage advisor and insurance company, whom already has a history of growing group schemes and then marketing to those customers directly for their own business entities.

Yes, the Morningstar data confirms that ASB's Moderate and Conservative funds ranked number one over the 12 months to 31 December 2025. The more interesting question is whether a single 12 month period should be the basis for a Number 1 KiwiSaver marketing campaign for a product designed to be held for decades. It will also be interesting to see what the next Morningstar report shows. Short term rankings can change quickly, which is precisely why long term performance data tends to be a more meaningful measure for KiwiSaver investors. My concern has never been whether the claim was technically accurate. It is whether the overall impression created for everyday consumers reflects the long term nature of KiwiSaver investing.

Enron comes to mind. That's when EBITDA v2 was invented - Earnings Before Influencing The Dumb Auditor.

About time. Just another scam and opportunity to bleed money off the public.

Oh no! How will investors and policyholders make informed decisions about their life insurer without understanding the Scope 3 emissions associated with the Government bond portfolio and cash holdings?