Saturn appoints director

A new board member has been appointed to Saturn Invest NZ, the licensed manager of the Portfolio Superannuation Scheme.

Wednesday, June 7th 2017, 9:27PM

Saturn Invest NZ director Craig Stobo said it had handed Dennis Church the role.

“Mr Church brings to us a wealth of knowledge and expertise from his long career in financial services industry, most recently as General Manager of Corporate Trustee Services for Public Trust. While responsible for strategic and business planning , and business development, he led the business through a period of significant change particularly in relation to the regulatory environment, with the advent of trustee and manager licensing, the establishment of the FMA, and the introduction of the Financial Markets Conduct Act.”

Stobo said Church was well-suited to help with the governance of Saturn Invest NZ.

“The Portfolio Superannuation Scheme (PSS) is a long-established scheme, having commenced in 1978, and is now one of the few ROPS compliant superannuation schemes in NZ which are authorized by HMRS to accept UK pension transfers.

"Having spent considerable time and resources to obtain a Managed Investment Scheme licence from the FMA it is now timely to increase the focus on the needs of existing and future members. I am looking forward to working with Mr Church to achieve that."

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