Fisher Funds chief executive Carmel Fisher says her firm did not pay $50 for every Credit Union member who joined her scheme. The New Zealand Association of Credit Unions (NZACU) agreed to sell its KiwiSaver scheme to Fisher Funds largely because of new KiwiSaver regulations set to take effect this year. Mercer was acting […]
Category Archives: KiwiSaver News
KiwiSavers shun financial advice
KiwiSaver investors are more likely to use family and friends than financial advisers as their main source of advice, a new study has found. The research, written by Dr Claire Matthews of Massey University, also found male KiwiSaver members appear to be more tolerant of risk than female investors in the scheme. The results are […]
[Breaking News] Kiwibank to buy Gareth Morgan Investments
Kiwibank has announced it will buy fund manager Gareth Morgan Investments (GMI), including the Gareth Morgan KiwiSaver Scheme. Kiwibank has announced it will buy fund manager Gareth Morgan Investments (GMI), including the Gareth Morgan KiwiSaver Scheme. More details here [ | | | | ]
Huljich cops big fine for misleading investors
Former fund manager Peter Huljich, and his company, have been fined hundreds of thousands of dollars after being convicted of misleading KiwiSaver scheme members. Full story here [ | | | | ]