In the latest amendment to its prospectus Asteron has strongly signaled it may soon close its KiwiSaver fund. The prospectus amendment, dated April 1 this year, says the Suncorp-owned fund manager and insurer, “regularly reviews its business operations in the light of market developments”. “In particular, over the 12 months preceding the date this prospectus […]
Category Archives: KiwiSaver News
Huljich re-launches non-KiwiSaver funds
Huljich Wealth Management has re-launched two of its non-KiwiSaver funds which were closed down in January and transferred to equivalent funds. A new prospectus for the Huljich Balanced Fund and the Huljich Australasian Fund was lodged with the Companies Office on March 31 and became public last week. Both the funds were initially launched in […]
Milford to launch own KiwiSaver fund
Milford Asset Management will go it alone as a KiwiSaver provider, with its new scheme due to launch on April 1. Milford, which to date has marketed a KiwiSaver product via the Aonsaver platform, will offer members two investment options in the revamped scheme – its Aggressive Fund and a new balanced fund. Currently, Milford […]
Securities Commission takes a swipe at Huljich in KiwiSaver guidelines
The Securities Commission has taken a veiled swipe at Huljich Wealth Management in its guidelines for distribution and disclosure released yesterday. The market regulator wagged its finger over the signing up of KiwiSaver members through door-to-door sales, something that got Huljich in trouble last year, and also stressed the need for disclosure statements to indicate […]