Nikko attracts big balances
Nikko’s new KiwiSaver scheme is attracting savers with large balances, rather than large numbers of savers.
The fund manager launched its robo-KiwiSaver in March.
Managing director George Carter said it had been notable that those who moved their money to Nikko tended to have more saved.
The average balance in Nikko’s KiwiSaver funds is now more than $100,000.
That’s compared to a median balance across the scheme of $13,000.
Carter said Nikko did not have a...MORE»
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