InvestNow KiwiSaver Scheme: A Simple Solution for Advisers

While the savings regime opens up a vast potential client base, now surpassing 3.2 million members, the tight legal constraints established at the inception of KiwiSaver in 2007 were never particularly conducive to financial advice.

Historically, advisers have offered bespoke KiwiSaver support to wealthier clients but either turned away lower-balance members or partnered with one of a handful of providers offering product-based remuneration to solve the conundrum.

With regulators increasingly putting pressure on schemes to justify fees, the struggle to provide KiwiSaver advice is potentially only getting harder.

The InvestNow KiwiSaver Scheme solves this dilemma for advisers, offering a wide range of manager choice that can add an additional layer of diversification as well as a transparent fee-charging mechanism.