Back by popular demand for its 13th edition, the Investment News NZ (IN NZ) annual KiwiSaver report is now available free to download.
Landing slightly later than in previous years, due to COVID-related scheme reporting delays, the IN NZ ‘KiwiSaver the 13th’ study captures the market at one of its lowest historical points.
All annual figures covered in the almost* comprehensive analysis of the now 33 KiwiSaver schemes apply to March 31, which came about a week in the wake of the most violent and rapid market crash in decades.
The pandemic coloured the key funds under management (FUM), growth and scheme performance figures a strange shade of gloom for the period in question.
Of course, markets have recovered in spectacular style in the months post the period covered by the IN NZ study but the 12 months ending March 31 offered a fascinating slice of history for KiwiSaver buffs.
Aside from the distractions of global plagues and financial Armageddon, though, the fresh-off-the-press report found some KiwiSaver market trends trucked on regardless.
For example, while large institutional schemes still maintain a stranglehold on KiwiSaver, their grip continues to loosen a little. As the study details, the top five providers gave up a further 2.5 per cent market share during the 12 months under review, allowing some challenger schemes to breath easier.
After some years of consolidation, the 2019/20 financial year also welcomed two new schemes to the ranks: at least two more are primed to enter the game before the end of 2020.
The KiwiSaver future might be rosy; the 12-month period just gone, though, was bloody – check out the damage by downloading ‘KiwiSaver the 13th: the horror year’.
* Passive-style schemes SuperLife and Simplicity had yet to file financial reports on Disclose as at publication date.
A complete set of the data in Excel spreadsheet form, covering member and funds under management trends; fees and expenses; investment returns; scheme transfers and other metrics, is available for an unprecedented, but still not-unreasonable, fee of $400 plus GST ($460 including GST).
Please contact the author at david@investmentnews.co.nz or
ph +64 21 022 575 03 for further details.