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Who bought Kiwi wealth?

KiwiSaver provider Kiwi Wealth has been sold to Fisher Funds for $310 million. Photo: Kiwi Wealth is part of the state-owned Kiwi Group Holdings, which includes Kiwibank, and the sale to Fisher Funds was widely tipped with the price at the lower end of expectations.

Who started KiwiSaver in NZ?

A policy initiative of the Fifth Labour Government of New Zealand (in office 1999\u20132008), KiwiSaver is governed by various Acts of Parliament, including the KiwiSaver Act 2006 (passed in September 2006).

When did KiwiSaver start?

From 1 July 2007, when KiwiSaver started, all employers have been required to automatically enrol their new employees in KiwiSaver, unless the employer already provided access to compliant superannuation schemes [1] or the employee was exempt from automatic enrolment.

Why was KiwiSaver created?

KiwiSaver is part of a package of government initiatives designed to increase saving by New Zealand households. It encourages a long-term saving habit and asset accumulation by those who want to enjoy more than a basic standard of living in their retirement.

Who is Fisher Funds?

Fisher Funds is one of New Zealand's largest specialist investment managers with over 250,000 Kiwis invested across KiwiSaver and Managed Funds.

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What does Fisher Investments specialize in?

Fisher Investments specializes in retirement planning. Your Investment Counselor will help you identify your goals and invest in securities that will keep earning even after you stop working. The firm does all it can to guide you toward long-term financial security.

Who decided to start KiwiSaver in New Zealand?

A policy initiative of the Fifth Labour Government of New Zealand (in office 1999\u20132008), KiwiSaver is governed by various Acts of Parliament, including the KiwiSaver Act 2006 (passed in September 2006).

What is Fisher Investments rate of return?

Appendix K. Fisher Investments Global Total Return Performance FI Fiscal YearNet Annual Return (%)S&P 500 Return (%)1 Year17.7%8.6%3 Year14.3%11.2%5 Year5.5%2.5%7 Year4.4%0.5%14 more rows

Who is the CEO of Fisher Funds?

Bruce McLachlan | Chief Executive Officer | Fisher Funds.

Is Fisher Funds A default KiwiSaver?

The default providers are: AMP, ANZ, ASB, BNZ, Grosvenor, KiwiBank, Mercer, Fisher Funds and Westpac.

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