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Asteron has closed its $33 million KiwiSaver fund and is recommending its 6200 investors transfer their money to the scheme run by Grosvenor The closure of Asteron’s KiwiSaver scheme, flagged by Good Returns a fortnight ago, marks the third provider to shut up shop after the Australian-owned EoSaver and union fund IRIS folded two years […]

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 […]

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 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 […]