KiwiSaver

KiwiSaver effect has wide reach

Thursday 29th of January 2015

Many big providers are outsourcing parts of their KiwiSaver products, such as stock selection, to smaller operators.

AMP announced this month that it was to outsource its New Zealand equity management to a third party. Big banks, such as ASB, also have aspects of their KiwiSaver investments managed externally.

Stephen Bennie, of Castle Point Funds, said it meant the country’s bout...

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