ING’s KiwiSaver status being questioned

An investor pressure group is preparing a Petition to Parliament to request the Government review the default KiwiSaver provider status of ANZ-owned fund manager ING. This comes after the Commerce Commission reached a record $45 million settlement with ANZ over the promotion of ING’s Diversified Yield and Regular Income Funds last month. The Commerce Commission […]

Kiwibank kickstarts KiwiSaver

Kiwibank has registered its KiwiSaver scheme with the office of the Government Actuary (GA), joining Milford as the second new provider to enter the fray this year. The scheme was registered on May 5, just days after the Asteron KiwiSaver scheme closed its doors. While further details of the new scheme are yet to be […]