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KiwiSaver returns pull back in March quarter
29 Apr, 2021 01:10 AM
3 minutes to read
Conservative KiwiSaver funds plunged into the red during the March quarter. Photo / 123RF
KiwiSaver returns have pulled back in the first three months of this year but the amount of money invested in the retirement savings scheme continued to grow, closing in on $79 billion.
Research from Morningstar shows most conservative funds plunged into the red during the March quarter after bond yields rose, resulting in capital losses for many bond investments.
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Conservative funds typically have the highest percentage in bond investments.
The average return for conservative funds was negative 0.6 per cent with the worst performing fund - Simplicity s conservative fund - falling 2 per cent over the quarter.
PUTRAJAYA: Datuk Seri Najib Razak was not a director or shadow director in SRC International Sdn Bhd to be found guilty of misappropriating RM42mil of the company’s funds, the Court of Appeal was told.
Athenree Homestead back to former glory
29 Apr, 2021 01:22 AM
4 minutes to read
TECT chairman Bill Holland cuts the ribbon to open the final stage of the Athenree Homestead to complete the restoration.
TECT chairman Bill Holland cuts the ribbon to open the final stage of the Athenree Homestead to complete the restoration.
Bay of Plenty Times
By: Chris Steel
The historical landmark Athenree Homestead has risen from the ruins and is finally back to how it was 140 years ago when it was first built by Irish settlers Hugh and Adela Stewart in 1879.
Forty years ago concerned residents in the area formed a trust to restore the home to its original state.
Norwegian Cruise Lines prepares for Europe restart with only vaccinated passengers
29 Apr, 2021 04:01 AM
4 minutes to read
Three of NCL Holiding s cruise brands are preparing to relaunch in Europe. Photo / Unsplash
NZ Herald
Leading cruise lines are preparing to resume sailing in the Mediterranean after a fitful pause in operations. Top destinations including Italy and Greece will welcome back pleasure cruisers and their passengers, but only after they are fully vaccinated against Covid 19.
On Thursday, NCL Holdings brands Ocean, Regent and Norwegian announced a return to passenger sailings from late summer.
Starting from 5 September, parent company Norwegian Cruise Line is launching new itineraries on two ships Norwegian Epic and Norwegian Getaway, which will be sailing to the Greek Isles.