BNZ KiwiSaver Scheme hits $100m FUM
BNZ KiwiSaver Scheme has reached $100 million funds under management, just over six months following its launch in February this year.
Monday, September 16th 2013, 4:36PM 
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Head of wealth and Private Bank, Donna Nicolof attributes the BNZ KiwiSaver Scheme’s faster than expected growth to the accessibility and convenience of BNZ’s nationwide store network.
“While some customers enjoy the ability to setup their funds online, 70% of our customers have signed up to KiwiSaver by coming into a BNZ store.
“This shows that New Zealanders generally prefer a face-to-face approach when it comes to discussing their retirement savings.”
BNZ KiwiSaver Scheme customers can add $20 to their retirement savings for every 108 Fly Buys points redeemed.
The Fly Buys conversion initiative has also proved popular with customers. In less than two months customers have added an additional $20,000 to their or someone else’s KiwiSaver account.
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