When was kiwisaver launched

KiwiSaver providers have come under fire in recent years for investing in controversial industries such as those dealing with firearms, tobacco, fossil fuels, and nuclear weapons. As a result, many providers now have Responsible Investment Policies, excluding certain types of companies from their portfolios. Simplicity and JUNO take their exclusions further, banning gambling and adult entertainment companies from their portfolios.

But Simplicity has the most exclusions of them all, banning companies involved with alcohol and fossil fuels in addition to the above. Alcohol sure does have the potential to cause harm in our society, but my personal opinion is that excluding alcohol companies is taking it a step too far.

Banning fast food operators and soda manufacturers for causing obesity? Where do you draw the line between ethical and non-ethical companies? Further Reading: — Clean and Green? Below is the limited performance data we do have do note that the returns shown below are much higher than average as they reflect the big rebound in asset prices following the COVID crash.

Returns are after fees and before tax and are as at 31 August This benchmark represents the weighted average market return from four asset classes NZ Government Bonds, Global Bonds, NZ Shares, International Shares , with a heavier weighting towards bonds for the Conservative benchmark, and a heavier weighting towards shares for the Growth benchmark.

But this is quite a short timeframe to make any meaningful conclusions. Simplicity follows in second place out of the low-cost funds, though they fall behind Milford. BNZ is in last place, underperforming in all funds. This is disappointing given they follow a passive strategy like Simplicity, yet lag behind them in their returns.

This website enables you to get over these barriers. Invest it ethically. Buying local produce, shopping without plastic, and purchasing ethically made clothing are excellent decisions, but investing your money in ethical funds can have a much bigger impact on people and the planet. Mindful Money enables exactly that. Mindful Money was the perfect tool for me to be able to make the switch to an ethical KiwiSaver fund with confidence. I fully recommend visiting the site. I am so happy that my investment now aligns with my values.

The day after you launched the site I had a look and realised there was a gold mining company I had unknowingly invested in which my friends in Aussie had campaigned against.

The company had destroyed some of the most ancient Aboriginal culture sites and wrecked part of a Ramsar listed wetland. This is the only platform I know of where you can find out what is otherwise really difficult info to access. Thanks again! I thought I was already invested in an ethical KiwiSaver. KiwiSaver The Markets. Latest Headlines. Stubbs launches not-for-profit KiwiSaver scheme Tweet. Special Offers. On 1 August at am Brent Sheather said:. SBS departing head put it succinctly Bank No Thanks.

News and information about KiwiSaver. Mann on a mission to diversify financial advice FSCL sees spike in overall complaints An investment fund where someone other than the investor gets the returns The long, hard road to good conduct. All Rights Reserved. Site by Web Developer and eyelovedesign.