Advisers register to offer NZIG
Founder and chief executive Ralph Stewart said the capital raising for the variable annuity product had raised 110% of the amount sought.
NZIG has identified a space in the market for a new breed of annuities to help with decumulation, particularly for the future generation of retiring KiwiSavers who will have significant sums of money to deal with.
The NZIG capital was raised from wholesale investors investing in $50,000 parcels and via crowdfunding website Equitise in the last week of the capital raising period.
Just over $455,000 was raised via crowdfunding, 182% of the $250,000 minimum target, taking the NZIG capital raising to a total of $4.5 million.
Click the button below to subscribe and will have free unlimited access for a limited time to full article and all other articles on the site.
You will also be able to comment on articles on Good Returns.
![[Weekly Wrap] Research shows KiwiSaver is a key issue in the election; GRTV Special looks at what's on offer.](https://goodreturns.publit.io/file/c_fill,w_300,h_200/36b7de93-7b53-4a06-855a-4a8f4009a280.webp)
