Update about the BNZ KiwiSaver Scheme and YouWealth

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We’ve announced a significant development for the BNZ KiwiSaver Scheme and YouWealth.

We’re joining forces with JBWere New Zealand, Jarden Wealth and Harbour Asset Management, to create FirstCape, a leading wealth management business in New Zealand.

FirstCape will run BNZ’s wealth management products, including the BNZ KiwiSaver Scheme and YouWealth, from around the middle of next year when the new business is fully established.

While this agreement has been announced, there are a few steps to go before these changes will take effect, including regulatory approvals, which we expect to take a few months.

Once we’re up and running, we’ll be working closely with FirstCape behind the scenes, to make sure the BNZ KiwiSaver Scheme and YouWealth continues to deliver great value for money, helping our customers achieve their investment goals.

The BNZ KiwiSaver Scheme and YouWealth funds will still be BNZ’s recommended wealth products, and we’ll continue to support our customers in managing their investments in exactly the same way as we do today.

Nothing changes for our customers in terms of who they contact about the BNZ KiwiSaver Scheme or YouWealth account, and where they see information about it.

This partnership creates opportunities to improve the BNZ KiwiSaver Scheme and YouWealth, and we’re excited about what comes next. We can’t wait to share more information about how we’re growing and enhancing our investment offering.

In the meantime, it’s business as usual here, as we focus on helping you secure a better financial future.

 


Any views expressed in this article are the personal views the author and do not necessarily represent the views of BNZ, or its related entities. This  article  is solely for information purposes and is not intended to be financial advice. If you need help, please contact BNZ or your financial adviser.

Neither Bank of New Zealand nor any person involved in this article accepts any liability for any loss or damage whatsoever which may directly or indirectly result from any, information, representation or omission, whether negligent or otherwise, contained in this article.

BNZ Investment Services Limited, a wholly owned subsidiary of Bank of New Zealand, is the issuer and manager of YouWealth and the BNZ KiwiSaver Scheme. Product Disclosure Statements for both products are available at bnz.co.nz

Investments made in the BNZ KiwiSaver Scheme or in YouWealth are not bank deposits or other liabilities of Bank of New Zealand (BNZ) or any other member of the National Australia Bank Limited group. They are subject to investment risk, including possible delays in repayment. You could get back less than the total contributed. No person (including the New Zealand Government) guarantees (either fully or in part) the performance or returns of the BNZ KiwiSaver Scheme or YouWealth, or the repayment of amounts contributed. National Australia Bank Limited, the ultimate owner of BNZ, is not a registered bank in New Zealand but a licensed bank in Australia and is not authorised to offer the products referred to in this article to customers in New Zealand.