For investors in Westpac’s KiwiSaver, you should be aware of the fact that two senior team members have recently left. This raises questions about what is happening in the management structure and environment at BT (Westpac’s KiwiSaver Fund Manager.) What does this mean for your KiwiSaver? Refer to the Blog entry ‘Why the people who…
Your KiwiSaver is an investment. And it doesn’t just invest itself. How your KiwiSaver works for you will depend on where it is invested. This applies regardless of whether you are a conservative, balanced or aggressive investor. If you are in a ‘passive’ investment – offered by Smartshares and ASB Tracker Funds, your KiwiSaver money…
There have been a number of stories in the media recently about Ross Asset Management (RAM). This business had been providing financial advice to investors and ‘managing’ their funds in a ‘personalised account’ since 1989. It appears that David Ross, the principal and owner (with his wife Jillian Ross), was a ‘specialist’ in the mining…
KiwiSaver investments are highly regulated under the KiwiSaver Act 2006 and have all the management structures in place as outlined below. Recent changes to the KiwiSaver laws mean that a KiwiSaver issuer has to have a trustee that is independent to the issuer, which is an additional protection for investors. The FMA has the supervisory…