tmmonline.nz  |   landlords.co.nz        About Good Returns  |  Advertise  |  Contact Us  |  Terms & Conditions  |  RSS Feeds

NZ's Financial Adviser News Centre

GR Logo
Last Article Uploaded: Tuesday, March 2nd, 6:17PM

Investments

rss
Latest Headlines

TOWER selected as default KiwiSaver provider

Monday, April 2nd 2007, 3:43PM
TOWER is delighted to have been confirmed by Finance Minister Michael Cullen and Commerce Minister Lianne Dalziel as a default KiwiSaver provider this morning.

TOWER Investments CEO Tony Hildyard said that the default provider selection process was rigorous and that it should give investors confidence that their money will be safe on retirement.

“We are really pleased to have been selected because we see it as an endorsement of TOWER’s people, performance and business processes. The Ministry of Economic Development’s selection process was very thorough, and we couldn’t have asked for a better result.”

TOWER sees KiwiSaver as a positive step, and wants to give New Zealanders every opportunity to make the most of its benefits. “Even at this early stage, you can see how positive the introduction of KiwiSaver will be for New Zealanders. People are actually talking about superannuation, and seeing how valuable it is. I think it’s opened people’s eyes up to the importance of saving for the life you want after you eventually retire.”

Mr Hildyard said that TOWER’s main goal is to make sure New Zealand businesses and industry groups are prepared for the introduction of KiwiSaver by providing them with the assistance and information they need to get into it. TOWER staff and advisers have been holding seminars and working with employers to make the transition easier.

“We’ve had some great feedback from businesses. The businesses who are really looking forward to KiwiSaver are the ones who can see how a well-structured KiwiSaver scheme and other employee benefits can actually add to their businesses and benefit their staff at the same time.”

Mr Hildyard said that TOWER’s strength as a KiwiSaver provider is in its ability to deliver all of those employee benefits. “We’ve been doing this for over 135 years, and we’ve got expertise in investments, health and life insurance, superannuation and general insurance. We know how employee benefits packages work, and how to structure them so that they can benefit New Zealand businesses and their staff.

TOWER’s role as a default KiwiSaver provider will start when KiwiSaver is launched on 1 July 2007.

« AXA confirmed as default KiwiSaver providerKiwiSaver default scheme providers announced »

Special Offers

Commenting is closed

 

print

Printable version  

print

Email to a friend
News Bites
Latest Comments
Subscribe Now

News and information about KiwiSaver

Previous News
Most Commented On
Mortgage Rates Table

Full Rates Table | Compare Rates

Lender Flt 1yr 2yr 3yr
AIA 4.55 ▼2.29 ▼2.59 ▼2.65
ANZ 4.44 2.89 3.25 3.39
ANZ Special - 2.29 2.69 2.79
ASB Bank 4.45 2.29 2.59 2.65
Bluestone 3.49 3.34 2.99 3.34
BNZ - Classic - 2.29 2.59 2.79
BNZ - Mortgage One 5.15 - - -
BNZ - Rapid Repay 4.60 - - -
BNZ - Std, FlyBuys 4.55 2.89 3.19 3.39
BNZ - TotalMoney 4.55 - - -
CFML Loans 4.95 - - -
Lender Flt 1yr 2yr 3yr
China Construction Bank 4.49 4.70 4.80 4.95
China Construction Bank Special - 2.65 2.65 2.80
Credit Union Auckland 5.45 - - -
Credit Union Baywide 5.65 3.95 3.85 -
Credit Union South 5.65 3.95 3.85 -
First Credit Union Special 5.85 2.95 3.45 -
Heartland Bank - Online 2.50 1.99 2.35 2.45
Heretaunga Building Society 4.99 3.50 3.40 -
HSBC Premier 4.49 2.25 2.35 2.65
HSBC Premier LVR > 80% - - - -
HSBC Special - 1.99 - -
Lender Flt 1yr 2yr 3yr
ICBC 3.69 2.25 2.35 2.65
Kainga Ora 4.43 2.79 3.04 3.13
Kainga Ora - First Home Buyer Special - 2.25 - -
Kiwibank 3.40 3.20 3.50 3.50
Kiwibank - Offset 3.40 - - -
Kiwibank Special 3.40 2.35 2.65 2.65
Liberty 5.69 - - -
Nelson Building Society 4.95 3.20 3.24 -
Pepper Essential 4.79 - - -
Resimac 3.39 3.35 2.99 3.35
SBS Bank 4.54 2.79 2.79 3.15
Lender Flt 1yr 2yr 3yr
SBS Bank Special - 2.29 2.29 2.65
Select Home Loans 3.49 3.34 2.99 3.34
The Co-operative Bank - First Home Special - 2.09 - -
The Co-operative Bank - Owner Occ 4.40 2.29 2.59 2.79
The Co-operative Bank - Standard 4.40 2.79 3.09 3.29
TSB Bank 5.34 3.09 3.29 3.45
TSB Special 4.54 2.29 2.49 2.65
Wairarapa Building Society 4.99 3.55 3.49 -
Westpac 4.59 3.09 3.29 3.39
Westpac - Offset 4.59 - - -
Westpac Special - 2.29 2.69 2.79
Median 4.55 2.79 2.99 2.80

Last updated: 26 February 2021 11:27am

About Us  |  Advertise  |  Contact Us  |  Terms & Conditions  |  Privacy Policy  |  RSS Feeds  |  Letters  |  Archive  |  Toolbox
 
Site by Web Developer and eyelovedesign.com