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...
Source: scoop.co.nz