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Changes to FirstChoice KiwiSaver Scheme
Media Release
22 February
2013
Changes to
FirstChoice KiwiSaver Scheme
ASB Group Investments Limited (“ASB GI”)
has announced that, as part of a review of its KiwiSaver
schemes, it will no longer be accepting applications to join
the FirstChoice KiwiSaver Scheme (“FirstChoice”) from 21
February 2013.
ASB GI, the manager of both FirstChoice and the ASB KiwiSaver Scheme, is considering its options for FirstChoice, including the possibility of transferring members to an alternative scheme.
ASB’s Executive General Manager Wealth and Insurance Blair Turnbull says, “The tremendous success of the ASB KiwiSaver Scheme, which now has around 370,000 members, has highlighted a need for us to review FirstChoice, which has around 15,000 members.”
“All of our FirstChoice members are being notified of this change. It’s important to emphasise that our members do not need to do anything, as the way in which their funds are managed remains unchanged.”
If members have any questions they
can contact us on 0800 1ST CHOICE (0800 178
246).
ENDS
ASB Bank
Helping you get one step ahead.
In 1847, ASB opened as the Auckland Savings Bank with the pledge: 'to serve the community; to grow and to help Kiwis grow'. And that is very much what ASB is about today.
ASB is a leading provider of integrated financial services in New Zealand including retail, business and rural banking, funds management and insurance.
ASB strives to consistently provide its customers with outstanding service and innovative financial solutions. They're dedicated to providing simple financial products that allow their customers to bank with them how and when they want.
We all have our own ways to measure progress, and our own stories about the things that matter to us. Whatever way you choose to measure progress, and whatever your goals, ASB is there to help you get one step ahead.
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