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KiwiSaver Mortgage Diversion - Scheme Provider Contact Details
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| Annual Review 1998 - Key Features of the Year |
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- First full year of operation for the ISI
- Securities Commission reviews the law and practices of
life insurers
- Compulsory Retirement Savings Scheme comprehensively
rejected in a nation-wide referendum
- New disclosure requirements come into force
- ISI Report on Retirement Savings: A Wake-Up Call is
launched
- ISI Web site is established
- NZ retail funds under management totalled $14.06 billion
for the year to 30 June 1998, up $1.05 billion over the previous year
- Net inflows to retail managed funds totalled $561
million. Insurance bonds continued to trend downwards with a net outflow of funds
totalling $204 million
- In force superannuation increased by 5.5 per cent for the
year to 30 June 1998
- Single premium business increased by 19 per cent for
superannuation and 59 per cent for life insurance
 
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