Craigs join up with InvestmentLink

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ABN AMRO Craigs has signed up to use Investment Links software package, Gatekeeper, which manages the exchange of KiwiSaver member information between the Inland Revenue Department and KiwiSaver fund providers.

Thursday, June 21st 2007, 6:35AM

"Gatekeeper delivers the electronic B2B functionality mandated by the NZ Inland Revenue Department (IRD) for communicating with scheme providers," InvestmentLink New Zealand managing director Maurice MacLaren says.

ABN AMRO Craigs senior product manager Stephen Jonas said ABN AMRO Craigs' new kiwiSTART product was a logical development of its popular START investment product, given the recent incentives for KiwiSaver investors proclaimed in the NZ Government's recent Budget.

MacLaren said KiwiSaver scheme providers were faced with complex, time-consuming and expensive challenges to deliver KiwiSaver technology.

"Shared technology solutions, such as Gatekeeper, have significant advantages in terms of innovation, cost and risk reduction," MacLaren said. "They are also more capable of swiftly complying with myriad changes to regulations and technology interface requirements we predict as political parties, employers and the media get to grips with KiwiSaver and all its implications over the coming few years."

ABN AMRO Craigs, which has a network of more than 100 advisers operating from 16 offices nationwide, and servicing more than 60,000 clients, joins Mercer NZ as a high-profile early adopter of Gatekeeper.

« ABN AMRO Craigs adopts Gatekeeper for KiwiSaver fund providers

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