The End Of Bonus Bonds
There has been much attention on Bonus Bonds recently with ANZ's announcement to close the scheme. But for the 1.3 million of you with a share of the $3.2 billion held in Bonus Bonds – what should you do? As is often the default position with investment scheme wind-ups, we suggest you sit tight. Now just might be the only time that Bonus Bonds have ever proved to be a worthwhile investment.
Global share markets continued to rise following the volatility we saw during March, up a further 3% in July.
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As you may have noticed on your recent your KiwiSaver annual statement, this year the statements must have a projection to give you some indication of how much you could have in your account at retirement.