Fisher Funds is bucking the trend towards consolidation among KiwiSaver providers by launching a new Conservative Fund as part of its KiwiSaver Scheme. The Conservative Fund will be offered to current and prospective Fisher Funds clients in addition to the Fisher Funds KiwiSaver Growth Fund – a fund investing solely in growth assets. Fisher Funds …
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Suspending NZ Super Fund contributions increases burden on future generations: Mercer
Plans to suspend contributions to the New Zealand Superannuation Fund until 2021, announced in today’s Budget, are a short-term action and could bring long-term pain, according to consulting, outsourcing and investments firm, Mercer. Mercer’s New Zealand Business Leader, Martin Lewington, said, “While we recognise the Government is under significant budgetary strain, like many countries around …
RI option for Mercer KiwiSaver customers
Members of the Mercer Super Trust KiwiSaver scheme can now choose to invest in the AMP Capital Responsible Investment Leaders Balanced Fund, with Mercer adding the RI investment option in response to growing demand. Martin Lewington, Head of Mercer in New Zealand said Mercer made the move to add the RI option to its investment …
First major KiwiSaver consolidation announced
In the first significant KiwiSaver consolidation since the superannuation scheme began, IRIS and Gareth Morgan KiwiSaver have announced they are teaming up to provide the IRIS-GMK scheme. IRIS, the trade union associated KiwiSaver provider, announced today that it is consolidating with Gareth Morgan KiwiSaver to deliver union members and their families access to an established …
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