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Business Scoop » Kiwis Can Hold Diversified Growth Funds, From Multiple Managers, In A Single KiwiSaver Portfolio.

Press Release – InvestNow
Innovative online savings platform InvestNow has knocked back claims that the current single scheme KiwiSaver rule limits member choice. Mike Heath, InvestNow General Manager, said recent media comments alleging the current law restricting KiwiSaver …
Innovative online savings platform InvestNow has knocked back claims that the current ‘single scheme’ KiwiSaver rule limits member choice.
Mike Heath, InvestNow General Manager, said recent media comments alleging the current law restricting KiwiSaver members to one scheme is ‘incredibly bad practice’ misses an important development in the sector.
“At InvestNow we’ve solved what some media commentators are calling a flaw in the design of KiwiSaver that restricts diversification by preventing members from joining more than one scheme,” Heath said. “By applying our existing platform technology, Kiwis don’t have to have all their KiwiSaver eggs in one basket – with us th ....

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Kiwis Can Hold Diversified Growth Funds, From Multiple Managers, In A Single KiwiSaver Portfolio.

Wednesday, 14 July 2021, 2:38 pm
Innovative online savings platform InvestNow has knocked
back claims that the current ‘single scheme’ KiwiSaver
rule limits member choice.
Mike Heath, InvestNow
General Manager, said recent media comments alleging the
current law restricting KiwiSaver members to one scheme is
‘incredibly bad practice’ misses an important
development in the sector.
“At InvestNow we’ve
solved what some media commentators are calling a flaw in
the design of KiwiSaver that restricts diversification by
preventing members from joining more than one scheme,”
Heath said. “By applying our existing platform technology,
Kiwis don’t have to have all their KiwiSaver eggs in one ....

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