DAVID CHAPLIN: Banks scramble as Vanguard dumps KiwiSaver funds

DAVID CHAPLIN: Banks scramble as Vanguard dumps KiwiSaver funds
David Chaplin
Vanguard Australia broke ranks with global best practice in funds management this month. It returned many, many billions of dollars before investors asked for it back.The shock move will see Vanguard stop managing money on behalf of many institutions in Australia and New Zealand, including several KiwiSaver schemes, as it starts playing directly in the retail market.In total, Vanguard expects to hand back A$160 billion – or about the equivalent of New Zealand’s entire managed funds sector - by the time it consciously decouples...

More Opinion

Why Meta could pay billions for a data labeller
Opinion

Peter Griffin: Why Meta could pay billions for a data labeller

We’re in the era of AI acquisitions as Big Tech seeks to assert its dominance.

Peter Griffin 18 Jun 2025
Archaic standards stifling innovation, engineers say
Opinion

Maria Slade: Archaic standards stifling innovation, engineers say

Some standards haven't been reviewed since the 1970s, holding NZ back, engineers say.

Maria Slade 16 Jun 2025
IPOs: Baby Come Back
Opinion

Simon Robertson: IPOs: Baby Come Back

With IPOs, there's no steady state, just opportunities. 

Simon Robertson 14 Jun 2025
OSZAR »