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.
1st
The MAS KiwiSaver Plan is the largest restricted scheme by Funds Under Management 2.
3rd
The MAS KiwiSaver Plan has the third highest average member balance in the market ($45,000) 3.
Contributions received
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
21,815
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.
Tax credits
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.
More news
Kaikoura Earthquake
Update: 15 February 2017 - Here is everything you need to know about Kaikoura Earthquake Claims.
Investor News - July 2018
24 July 2018 - Reports on investment performance in our quarterly investor update.