Investment Surveys
- June 2010
- March 2010
- December 2009
- September 2009
- June 2009
- March 2009
- December 2008
- September 2008
- June 2008
- March 2008
- December 2007
- September 2007
- June 2007
- March 2007
- December 2006
- September 2006
- June 2006
- March 2006
Latest Investment Survey Results
June 2010Understanding Indexes
Budget 2010 May 2010
May 2010Impact of the 2010 Budget on superannuation schemes.
Multi Manager Investment Survey
June 2010This survey compares the results of multi-manager funds from our regular survey with those of the single manager funds.
Latest Investment Survey Results
March 2010In this issue we discuss Dynamic Asset Allocation.
Insurance (Prudential Supervision) Bill
January 2010ACC - 2010/11 Levy Rates
January 2010The finalised ACC levy rates as agreed by Government in December 2009.
Latest Investment Survey Results
December 2009Emerging markets - In this quarter’s commentary we examine their growing importance as an asset class. We also now include selected KiwiSaver investment information.
ACC - Partnership Programme
November 2009Mark Weaver wrote the paper for the Australian Actuaries conference on accident compensation schemes. The paper provides a comprehensive review of the ACC Partnership Programme.
Latest Investment Survey Results - September 2009
October 2009Our September 2009 investment survey. In this issue we discuss momentum investing.
ACC - Levies for 2010/11
October 2009The standard levy for the Work Account is up 57% and the Residual Claims Account up 27%. However with the planned change in the funding date for the pre 1999 claims from 2014 to 2019 the Residual Claims Account levy will decrease by 50% which is good news for the ACCPP employers.
Insurance - Proposed Regulatory Regime
September 2009In this newsletter we discuss insurance regulation in New Zealand.
Multi-Manager Investment Survey
June 2009Our multi-manager investment survey. There is growing interest in multi-manager funds and so we have taken the data on these funds from our regular survey and compared the results with those of the single manager funds.
Latest Investment Survey Results - June 2009
June 2009This quarter we continue to look at topical issues, in particular mean reversion, volatility and bonds.
Impact of the rising NZ dollar
June 2009Here we discuss the impact of the rising NZ dollar and in particular the implications for hedging strategies.
ACC Self Insurance Options
June 2009The ACC self insurance option offers larger employers the opportunity to benefit directly from their investment in good health and safety practices.
Multi-Manager Investment Survey
March 2009Our multi-manager investment survey. There is growing interest in multi-manager funds and so we have taken the data on these funds from our regular survey and compared the results with those of the single manager funds.
Latest Investment Survey Results
March 2009This quarter we look at several issues that may be on Trustees' minds following the extraordinary results from markets.
Changes to KiwiSaver Scheme
December 2008Employers will need to review whether changes are required to the level of their contribution and that of their employees to KiwiSaver given the changes to the scheme from April 2009.
ACC - Levies for 2009/10
December 2008The Government has expressed serious concerns in the run up to announcing the ACC rates for 2009/10 and it is reasonable to expect we will see major initiatives around ACC in 2009.
Latest Investment Survey Results - September 2008
September 2008The commentary looks at how the best performing managers achieved their results, plus comments on the tough economic outlook.
ACC - Proposed levies for 2009/10
September 2008While the Work Account and Residual Claims Account levies in total remain unchanged for 2009/10 our analysis shows that ACC has significant claim cost pressures which will need addressing if the levies for the Work, Earners and Motor Vehicle Accounts are not to increase substantially over the next few years.
KiwiSaver Investment Results - June 2008
June 2008Review of the investment results for a number of KiwiSaver providers.
KiwiSaver Investment Results - March 2008
March 2008We have revised our Master Trust Investment Survey to now focus on KiwiSaver.
Latest Investment Survey Results - March 2008
March 2008The commentary looks at the last time the US economy went into a recession.
KiwiSaver legislation passed
January 2008Our latest KiwiSaver newsletter considers both the impact of the compulsory contribution regime and reviews again all the main features and benefits of the scheme.
Master Trust Investment Survey
December 2007The survey looks at the investment returns on the funds of 5 major master trust providers, each of whom are major KiwiSaver providers. The next survey will be expanded to include KiwiSaver results results.
Latest Investment Survey Results - December 2007
December 2007The commentary looks at how a fund's return will be primarily driven by the benchmark asset allocation and how managers add more value from stock selection than asset allocation.
Final ACC 2008/09 Levy Rates
September 2007The average standard levy rate is down to 72 cents making it necessary for some accredited employers to review whether they should shift out of the FSCP and into the PDP option.
Investment Survey
September 2007The commentary in the survey looks at the impact of the FDR regime on global bonds and shares over the last 7 years and what tax basis is best for global bonds.
ACC Proposed 2008/09 Levy Rates
September 2007This newsletter is based on the Consultative Documents issued by ACC as part of its consultation process for the 2008/09 levy rates.
Investments: Growth versus value funds
June 2007The article reviews growth v value global shares and concludes that a portfolio needs exposure to both investment styles
Pricing insurance risk
June 2007For the directors and senior management of an insurance operation, the greatest fears are having insufficient funds to pay claims and failing to earn an adequate return on capital.
Privatisation of NZ Accident Insurance Workplace Cover
June 2007There is increasing interest in the possibility that a National Government will re privatise some of the ACC accounts. This paper looks at the experience in 1999/2000 when the Employer Account was privatised.
KiwiSaver - Impact of the 2007 Budget
May 2007The Budget increased the attraction of KiwiSaver for employees and employers. What does this mean for existing schemes and employers with no current scheme?
ACC in Australia: Current major issues in Australia.
April 2007Interest in possible changes to the NZ ACC system is growing. Are there any lessons to be learned from the Australian systems?
Profit Commissions – One for You, Three for Me
January 2007For both the payer and the recipient, profit commission can be a double-edged sword.
ACC Rates for 2007/2008
December 2006Employers in the ACC Partnership Programme may wish to review and reassess the viability and benefits of the programme given the recommended rates for the 2007/08
KiwiSaver legislation passed
August 2006Comment on the legislation, with notes on the implications for existing schemes and for employers
Superannuation - Tax proposals and an update on KiwiSaver
June 2006The implications of the proposed changes to taxation of investment income, with further comment on possible KiwiSaver developments
The Turner Report (with a UK version of KiwiSaver)
December 2005A review of the United Kingdom Pensions Commission report on likely changes to the UK pension system, and comment on the relevance to the situation in New Zealand.
Review of the Stobo Report
December 2005The objective of the review was the minimisation of the extent to which the tax system distorts the way New Zealanders invest.
ACC 2007/08 proposed levy rates
October 2005A review of the consultative document released by ACC on the proposed rates for the 2007/08 year.
General Insurance Risk Margins Overview
September 2005For reporting periods commencing 1 January 2007, all reporting entities in New Zealand must comply with the New Zealand International Financial Reporting Standards (NZ IFRS). Early adoption of the NZ IFRS is permitted from 1 January 2005. Risk margins are a requirement.
Balanced Fund Investment Analysis
July 2005An analysis of the importance of the Benchmark and of the value added by Fund Managers when managing their Balanced Funds.
Comment on Law Commission Report 87 "Life Insurance"
February 2005Most New Zealand life insurance legislation dates from 1873. There is wide agreement that change to legislation is appropriate.