The combined funds under management (FUM) of the MAS KiwiSaver and the MAS Retirement Savings Plan have exceeded $1.5 billion for the first time 1.
We created this infographic to highlight some of the achievements of the MAS KiwiSaver Plan and the MAS Retirement Saving Plan.
The MAS KiwiSaver Plan is the largest restricted scheme by Funds Under Management 2.
The MAS KiwiSaver Plan has the third highest average member balance in the market ($45,000) 3.
The MAS KiwiSaver Plan and the MAS Retirement Savings Plan received total contributions of $158,000,000 in the year ended 31 March 2018 – equivalent to about $430,000 per day.
Number of accounts
There are 15,134 accounts in the MAS KiwiSaver Plan and 6,717 in the MAS Retirement Savings Plan. Up 1,021 or 4.9% from the previous year.
We claimed $5,300,000 Member Tax Credits on behalf of investors in the 2017-18 financial year.
1. as at 31 August 2018.
2. as at 31 March 2018.
3. as at 31 July 2018.
The Product Disclosure Statement for the Medical Assurance Society KiwiSaver Plan is available here.
The Product Disclosure Statement for the Medical Assurance Society Retirement Savings Plan is available here.
The Trustees of the Medical Assurance Society KiwiSaver Plan and the Medical Assurance Society Retirement Savings Plan are the issuer and manager of each of those Plans. Information correct as at 12 October 2018.