KiwiSaver firm Booster has made a direct investment of capital into a wine company. The investment in Awatere River Wine Company is the first injection of KiwiSaver funds into the wine industry. Awatere River Wine Company founder and winemaker Louis Vavasour said it was a vote of confidence in the buoyant New Zealand wine industry. […]
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ANZ launches scheme to help retain KiwiSaver clients
ANZ is launching a new system through which it hopes to hold on to more of its KiwiSaver members. Ana-Marie Lockyer. ANZ’s general manager of wealth, said the bank was planning to send letters to rwho have signalled their intention to transfer out of its OneAnswer KiwiSaver Scheme. She said the bank would still process […]
KiwiSaver: Advisers’ saviour, or a lot of work for little gain?
KiwiSaver may have played a key part in saving an ailing advice industry, claims one industry commentator. But another says it may give advisers false hope of big money in the future. Ten years on from the introduction of the scheme, most industry commentators said it had been a positive development for financial advisers. David […]
KiwiSaver could better serve low-income earners: AMP
Financial advisers play an important role in helping people on lower incomes navigate retirement savings, AMP’s general manager in New Zealand says. Blair Vernon said KiwiSaver could be improved to better cater for those who were not high earners. He said he regularly spoke to people earning about $50,000 or less a year, who were […]