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Thursday, 1 July 2021, 9:10 am
Milford’s active investment philosophy and focus on
high quality client service has helped it to again top the
rankings in this year’s Consumer NZ People’s Choice
Award for highest KiwiSaver customer
satisfaction.
Milford’s Head of KiwiSaver &
Distribution, Murray Harris, said Milford’s investment
approach and keeping members informed enabled it to focus on
the things that mattered most to KiwiSaver
investors.
“People want a good return on their
investment, but increasingly they also want to know their
money is being invested in a way that matches their
values,” says Harris.
“By analysing individual
Head of Australian business, Kristine Brooks, said: “I want to ensure that our offer reflects our commitment to support financial advisers and their clients, as well as our desire to expand our adviser client base. Advisers will now have access to the same performance and team, at a fee that is more accessible”.
Brooks had previously spoken about how the New Zealand firm was looking to target financial advisers after having spent time getting the funds rated and on nine Australian platforms.
The Milford Australian Absolute Growth fund had returned 24.3% over one year to 31 May, according to FE Analytics, versus returns by the Australian Core Strategies absolute return sector of 15%.
Riggall said with prices so high, many recent buyers are stretched to their limits already. If interest rates rise, if you re borrowing against the median home in New Zealand and rates rise 1 percent, that could cost you more than $4000 a year in extra repayments. For some people it s going to be difficult - bear in mind that other costs are going up as well.
Based on long-term fixed mortgage rates, Riggall said the banks appear to be expecting a rise of about 0.4 percent in the next 12 months. But whether the Reserve Bank will go further than that remains to be seen.