Video | Agriculture | Confidence | Economy | Energy | Employment | Finance | Media | Property | RBNZ | Science | SOEs | Tax | Technology | Telecoms | Tourism | Transport | Search

 

New KiwiSaver Scheme Offers Investors Choice And Flexibility

Fast-growing Wellington-based investment platform, InvestNow, has launched into the KiwiSaver market with the InvestNow KiwiSaver Scheme, offering a range of low-cost passive (index) and active managed funds for investors to choose from.

InvestNow General Manager, Mike Heath, says “as people’s KiwiSaver grows to become one of their largest financial assets, so does the desire to have greater control and flexibility over it.” – and the InvestNow KiwiSaver Scheme design reflects this, giving investors more choice than any other KiwiSaver Scheme.

For the first time, KiwiSaver investors can choose from a range of investment options from multiple fund managers, including exclusive access to boutique fund managers, within one KiwiSaver Scheme.

InvestNow founder, Anthony Edmonds, says “The broad choice breaks the traditional KiwiSaver mould, where providers often only have one manager’s funds available”

The InvestNow KiwiSaver Scheme, officially launched today, gives Kiwi’s access to 28 managed funds from 9 leading fund managers, including Milford Asset Management, Mint Asset Management, Harbour Asset Management and more.

Fee’s for the InvestNow KiwiSaver Scheme are market competitive, with the underlying fund fees starting from just 0.27%p.a. (inc. GST) and no KiwiSaver administration fees.

“We’ve made the choice not to charge any KiwiSaver admin fees because we believe Kiwi’s should get to keep their hard-earned dollars for when they need it most – retirement.” Heath says.

With a wide range of single-sector investment options covering all major sectors/asset classes, investors can choose multiple funds to build a truly customised KiwiSaver portfolio. And for those wanting to jump straight in, the InvestNow KiwiSaver Scheme also offers a range of easy-select diversified funds.

Heath says the InvestNow KiwiSaver Scheme is a natural step for the direct-to-consumer platform, which now has over $600 million of Kiwi assets from over 30,000 customers. “Our goal is to give Kiwi’s the ability to grow their own wealth, how they see fit”. Heath also notes that this is just the beginning, with even more investment options in the pipeline.

For more information please visit the website www.investnow.co.nz or contact:

InvestNow

Established in March 2017, InvestNow offers Kiwi investors online access to KiwiSaver, Managed Funds & Term Deposits, and has scaled quickly to boast more than $600 million of assets from over 30,000 investors using the platform.

InvestNow is 100% owned by Implemented Investment Solutions, a Wellington-based investment business that manages over $4.5 billion on behalf of New Zealand investors. InvestNow is a Financial Service Provider (FSP534448).

© Scoop Media

 
 
 
Business Headlines | Sci-Tech Headlines

 

Westpac: Sets Out Plan To Go Cheque-Free

Westpac NZ has announced details of its plan to phase out cheques, after signalling in May that it would be supporting a move to other forms of payment. Cheques will cease to be available as a means of payment after 25 June 2021. Westpac NZ General ... More>>

ALSO:

NZTA: Major New Zealand Upgrade Programme Projects Go To Tender

Two major New Zealand Upgrade Programme projects are beginning tenders for construction. The New Zealand Upgrade Programme is a $6.8 billion investment to get our cities moving, to save lives and boost productivity in growth areas. The first Auckland ... More>>

Reserve Bank: RBNZ Seeks To Preserve Benefits Of Cash

The Reserve Bank – Te Pūtea Matua is taking on a new role of steward of the cash system “to preserve the benefits of cash for all who need them”, Assistant Governor Christian Hawkesby told the Royal Numismatics Society of New Zealand annual conference ... More>>

ALSO:

Economy: Double-Dip Recession Next Year, But Housing Rolls On

New Zealand's economy is expected to slip back into recession early next year as delayed job losses, falling consumer spending, and the absence of international tourists bites into growth. More>>

ALSO:

Microsoft New Zealand: Microsoft Expands “Highway To A Hundred Unicorns” Initiative To Support Startups In Asia Pacific

New Zealand, 14 October 2020 – Today Microsoft for Startups launches the Highway to a Hundred Unicorns initiative in Asia Pacific to strengthen the region’s startup ecosystem. This follows the initiative’s success in India, where 56 startups were ... More>>

Fonterra: Farmers Taking Another Step Towards New Zealand’s Low Emissions Food Production

They’re hot off the press and intended to help take the heat out of climate change. Fonterra farmers are already among the world’s most sustainable producers of milk and now have an additional tool in their sustainability toolbox. Over the last few ... More>>

ALSO:



Courts: Businessman Eric Watson Sentenced To A Four-Month Jail Term

New Zealand businessman Eric Watson has been sentenced to a four-month jail term in the UK for contempt of court, TVNZ reports. More>>

OECD: Area Employment Rate Falls By 4.0 Percentage Points, To 64.6% In Second Quarter Of 2020

The OECD area employment rate – the share of the working-age population with jobs – fell by 4.0 percentage points, to 64.6%, in the second quarter of 2020, its lowest level since the fourth quarter of 2010. Across the OECD area, 560 million persons ... More>>

Spark: Turns On 5G In Auckland And Offers A Glimpse Into The Future Of Smart Cities

Spark turned on 5G in downtown Auckland today and has partnered with Auckland Transport (AT) to showcase some of the latest in IoT (Internet of Things) technology and demonstrate what the future could look like for Auckland’s CBD with the power of 5G. 5G is ... More>>

Stats NZ: Monthly Migration Remains Low

Since the border closed in late-March 2020, net migration has averaged about 300 a month, Stats NZ said today. In the five months from April to August 2020, overall net migration was provisionally estimated at 1,700. This was made up of a net gain ... More>>

University of Canterbury: Proglacial Lakes Are Accelerating Glacier Ice Loss

Lake Tasman, New Zealand | 2016 | Photo: Dr Jenna Sutherland Meltwater lakes that form at glacier margins cause ice to recede much further and faster compared to glaciers that terminate on land, according to a new study. But the effects of these glacial ... More>>

ALSO:

Dairy: Fonterra Sells China Farms

Fonterra has agreed to sell its China farms for a total of $555 million (RMB 2.5 billion*1), after successfully developing the farms alongside local partners. Inner Mongolia Natural Dairy Co., Ltd, a subsidiary of China Youran Dairy Group Limited ... More>>

ALSO: