News

Smartshares bulks up with ASB purchase

Thursday 11th of November 2021

NZX has bought the management rights for ASB’s Superannuation Master Trust, a $1.8 billion retirement savings scheme.

The trust is a workplace superannuation scheme that predated KiwiSaver and was used by state sector employers until 2008.

Although it closed to government employees shortly after KiwiSaver came into being, it still has more than 17,500 members from more tha...

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