Hawes and Forsyth Barr launch 'Summer' KiwiSaver
Martin Hawes is chairman of the investment committee for Summer KiwiSaver. It is a relaunch of the existing Forsyth Barr KiwiSaver product, but Hawes said it was more than a rebrand and includes new technology to help make it easier for people to manage their own asset allocation decisions.
He said many advisers would soon realise there was more of a role for them to play with the superannuation savings scheme.
While it used to be that advisers would only earn pocket change if they were being paid as a percentage of FUM, he said balances were now growing to the point that there was a good opportunity..
"As an AFA, I've seen people with north of half a million dollars in their KiwiSaver accounts. It's unusual but there are people with big balances. There is starting to be a commercial incentive for advisers to wake up to KiwiSaver."
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.
