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New Zealand

Fisher gets KiwiSaver default status

Fisher Funds has confirmed that the Commerce Minister has confirmed that the manager’s newly acquired business will maintain KiwiSaver’s default status.

Thursday, December 29, 2022 at 2:49 PM

In a press release issued on December 22nd, Bruce McLachlan, Chief Executive Officer of Fisher Funds, revealed that a week ago the Minister notified Kiwi Wealth to retain its status as default provider. I made it

There appears to be no statement from the Minister or the Internal Revenue Service.

Many were concerned that the acquisition of Kiwi Wealth would restore status after Fisher Funds lost default status in its latest review.

McLachlan said: “While this was not the condition or intent of the acquisition, we welcome the decision as it gives both new and existing members confidence in their position.”

“We intend to continue to operate the Kiwi Wealth Default Fund as a separate entity and remain focused on working through 2023 through a seamless transition and integration of the two businesses.

tag: default fund Fisher fund kiwi wealth

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https://www.goodreturns.co.nz/article/976521196/fisher-get-kiwisaver-default-status.html?utm_source=GR&utm_medium=rss&utm_campaign=Fisher+get+KiwiSaver+default+status Fisher gets KiwiSaver default status

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