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: Monday, June 21st, 2:27PM

Investments

rss
Investment News

Pathfinder and ACC invest in All Black's mental health initiative

KiwiSaver provider Pathfinder and the Accident Compensation Corporation have teamed up with Mentemia, both investing in the workplace wellbeing platform founded by Sir John Kirwin and tech entrepreneur Adam Clark.

Friday, May 28th 2021, 2:37PM

by Matthew Martin

Pathfinder is investing $800,000 in Kirwin’s technology-driven mental health app Mentemia, and while the details of ACC’s investment aren’t being made public, its investment sits within the $2 million to $15 million range that its Impact Fund targets.

Mentemia, co-founded by Kirwan and Kiwi tech entrepreneur Adam Clark, is a mobile application created to provide a seamless and integrated platform for mental health care.

The digital mental wellbeing platform helps employers embed a wellbeing-first culture across their organisation, their leaders and their people.

Mentemia will use the funds for software enhancements and direct marketing to secure corporate clients.

Pathfinder chief executive John Berry says KiwiSaver providers were increasingly moving into private equity investment because of the potential for delivering higher long-term returns.

“Social impact investments can deliver better outcomes for our planet and its people," Berry says.

“We believe KiwiSaver investors are entitled to both higher returns and higher social impact. At Pathfinder, we’ve made renewable energy, healthcare, social housing and micro-finance investments to deliver these.

“The world has changed, business as usual is no longer good enough in KiwiSaver. Kiwi investors now want great financial returns and positive social impact. The large providers are not delivering on this,” Berry says.

The investment is the second for the ACC’s $50 million Impact Fund which was launched last year with the twin aims of improving the health, safety, and wellbeing of New Zealanders and providing a commercial investment return that helps keep levies low.

Mentemia has become the market leader in digital mental wellbeing since launching in 2020, with leading companies like Fletcher Building, Chorus and Kiwibank among their client base.

Along with specially designed events and programs for leaders, Mentemia provides a practical way for employees to build mental health literacy and improve their wellbeing in a private, secure and personalised way.

Mental health is the primary cause of lost working days and productivity loss in most Westernised countries and supporting good mental health has benefits to businesses and workers alike.

“Improving mental health and wellbeing can help bring down injury rates, speed recovery and reduce the cost in ACC claims,” says Impact Fund advisor George Adams.

“We encourage more companies to recognise the benefits of supporting the wellbeing of their workers including better productivity and less time lost to injuries.”

Pathfinder and ACC join existing investors including Icehouse Ventures and Sir Stephen Tindall’s K One W One.

Tags: ACC ethical investments investment Pathfinder responsible investing

« Investors and traders both want good returns but are polar oppositesInvestor demand sees Kernel launch range of sustainable funds »

Special Offers

Comments from our readers

No comments yet

Sign In to add your comment

 

print

Printable version  

print

Email to a friend

Good Returns Investment Centre is brought to you by:

Subscribe Now

Keep up to date with the latest investment news
Subscribe to our newsletter today

Edison Investment Research
  • Murray Income Trust
    18 May 2021
    Maintaining a commitment to quality and income
    Murray Income Trust (MUT) invests in a diversified portfolio of mainly UK equities. It focuses on quality stocks and aims to provide a high and growing...
  • Acorn Income Fund
    18 May 2021
    Board proposes change of mandate and manager
    The board of Acorn Income Fund (AIF) has announced the results of its strategic review ahead of the company’s five-yearly discontinuation vote in...
  • Canadian General Investments
    17 May 2021
    Building on strong long-term performance record
    Canadian General Investments (CGI) has been managed by Greg Eckel at Morgan Meighen & Associates (MMA) since 2009. He comments that his strategy of investing...
© 2021 Edison Investment Research.

View more research papers »

Today's Best Bank Rates
Rabobank 0.75  
Based on a $50,000 deposit
More Rates »
Cash PIE Rates

Cash Funds

Institution Rate 33% 39%
ANZ 0.10    0.10    0.11
ASB Bank 0.05    0.41    0.42
ASB Bank 0.05    0.59    0.56
ASB Bank 0.05    0.61    0.64
ASB Bank 0.08    0.66    0.69
ASB Bank 0.08    0.72    0.75
BNZ 0.10    0.10    0.10
Heartland Bank 0.40    0.40    0.40
Kiwibank 0.05    -    -
Kiwibank 0.25    -    -
Nelson Building Society -    -    -
SBS Bank -    -    -
TSB Bank 0.25    0.25    0.26
Westpac 0.35    0.36    0.38
Westpac 0.05    0.05    0.05
Westpac 0.35    0.36    0.38

Term Funds

Institution Rate 33% 39%
ANZ Term Fund - 90 days 0.35    0.36    0.37
ANZ Term fund - 12 months 1.00    1.02    1.07
ANZ Term Fund - 120 days 0.45    0.46    0.48
ANZ Term fund - 6 months 0.80    0.82    0.85
ANZ Term Fund - 150 days 0.55    0.56    0.59
ANZ Term Fund - 9 months 0.90    0.92    0.96
ANZ Term Fund - 18 months 1.00    1.02    1.07
ANZ Term Fund - 2 years 1.10    1.13    1.18
ANZ Term Fund - 5 years 1.40    1.44    1.50
ASB Bank Term Fund - 90 days 0.35    0.36    0.37
ASB Bank Term Fund - 6 months 0.80    0.82    0.85
ASB Bank Term Fund - 12 months 0.80    0.82    0.85
ASB Bank Term Fund - 18 months 1.00    1.02    1.07
ASB Bank Term Fund - 2 years 1.00    1.02    1.07
ASB Bank Term Fund - 5 years 1.75    1.81    1.89
ASB Bank Term Fund - 9 months 0.80    0.82    0.85
BNZ Term PIE - 120 days 0.45    0.45    0.47
BNZ Term PIE - 150 days 0.60    0.61    0.64
BNZ Term PIE - 5 years 1.40    1.44    1.50
BNZ Term PIE - 2 years 1.10    1.13    1.18
BNZ Term PIE - 18 months 1.10    1.13    1.18
BNZ Term PIE - 12 months 1.10    1.13    1.18
BNZ Term PIE - 9 months 0.90    0.92    0.96
BNZ Term PIE - 6 months 0.80    0.82    0.85
BNZ Term PIE - 90 days 0.35    0.35    0.37
Co-operative Bank PIE Term Fund - 6 months -    -    -
Heartland Bank Term Deposit PIE - 12 months 1.35    1.38    1.45
Heartland Bank Term Deposit PIE - 6 months 1.05    1.08    1.14
Heartland Bank Term Deposit PIE - 9 months 0.90    0.92    0.96
Heartland Bank Term Deposit PIE - 18 months 1.15    1.18    1.23
Heartland Bank Term Deposit PIE - 2 years 1.20    1.24    1.28
Heartland Bank Term Deposit PIE - 5 years 1.75    1.81    1.89
Kiwibank Term Deposit Fund - 90 days 0.35    0.36    0.37
Kiwibank Term Deposit Fund - 6 months 0.90    0.91    0.95
Kiwibank Term Deposit Fund - 12 months 1.05    1.08    1.12
Kiwibank Term Deposit Fund - 150 days 0.60    0.61    0.64
Kiwibank Term Deposit Fund - 120 days 0.45    0.46    0.49
Kiwibank Term Deposit Fund - 9 months 0.95    0.97    1.00
Westpac Term PIE Fund - 150 days 0.60    0.61    0.64
Westpac Term PIE Fund - 120 days 0.45    0.46    0.47
Westpac Term PIE Fund - 18 months 1.25    1.28    1.34
Westpac Term PIE Fund - 12 months 1.20    1.32    1.38
Westpac Term PIE Fund - 6 months 0.80    0.81    0.84
Westpac Term PIE Fund - 9 months 1.00    1.02    1.07
Westpac Term PIE Fund - 90 days 0.35    0.36    0.37
Westpac Term PIE Fund - 2 years 1.35    1.38    1.45
About Us  |  Advertise  |  Contact Us  |  Terms & Conditions  |  Privacy Policy  |  RSS Feeds  |  Letters  |  Archive  |  Toolbox  |  Disclaimer
 
Site by Web Developer and eyelovedesign.com