Venture capital attracts another KiwiSaver

Generate is the third KiwiSaver scheme to invest in venture capital putting $20 million into New Zealand’s largest VC firm Movac. The investment will go towards Movac’s Growth 6, a later-stage VC fund for private Kiwi tech companies needing to grow.With $3.5 billion in KiwiSaver funds under management, this first foray into VC will form …

Big KiwiSaver providers go for digital tools for advice

Big KiwiSaver managers continue to ramp up use of digital tools to steer jittery investors and beleaguered KiwiSaver members onto the right investment path. New Zealand’s second largest KiwiSaver provider ASB is launching a new KiwiSaver advice tool on its mobile app and online banking platforms and Kiwi Wealth has incorporated the Atomic.io messaging system …

Seven thousand waitlisted for Sharesies KiwiSaver

One day after Sharesies announced its entrance into the KiwiSaver market early next year, 7000 people have joined its waitlist, the bulk of them existing members of the online investment platform. Sharesies has a team of 15 to 20 people working on the main build of its KiwiSaver scheme which will include funds focused on …