Adviser complains about ANZ campaign
A financial adviser has complained to the Financial Markets Authority about an ANZ campaign offering people $100 to sign up to its KiwiSaver scheme.
It offered the incentive for sign-ups before July 12.
Rachelle Bland, of Cliffe Consulting, told the FMA she saw the offer when she signed in to her banking app.
She said it went against the FMA guidance that incentives should not be offered with a strict time limit that could distract a customer from making sound, long-term decisions about their investment.
“The focus of the advertisement ...MORE»
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KiwiSaver members need more advice at retirement, panellists say
New Zealanders could get better results from KiwiSaver if they had more help through the decumulation phase, audience members at a recent Mercer conference were told.
Picture: Mercer NZ CEO Anna Scott (Supplied)
Mercer chief investment officer Kylie Willment, New Zealand chief executive Anna Scott and Dentons partner David Ireland spoke on the panel, discussing the results of Mercer’s latest global pension index.
It ranks pension systems around the world. The most recent update gave New Zealand a B and placed it 17th out of 52 countries. Netherlands was ...MORE»
Harbour rolls out new global multi-manager fundThursday, July 2nd, 10:42AM
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Why 12% Could Be the Most Important Number in KiwiSaverThursday, July 2nd, 6:36AM 1 comment
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