Pathfinder-backed KiwiSaver to target gender diversity

The scheme – CareSaver - has also committed to share 20% of its investment management fees from its funds with a range of leading charities including the Mental Health Foundation, Forest & Bird and Plunket, with the beneficiary charity selected by the individual KiwiSaver member.

CareSaver is established by Pathfinder Asset Management.

CareSaver will meet the investment and risk objectives of a broad sweep of New Zealand investors through the CareSaver Growth Fund, the CareSaver Balanced Fund and the CareSaver Conservative Fund.

Pathfinder’s Chief Executive John Berry says: “A diversity of perspectives is critical to effective governance. While diversity is broader than gender, those New Zealand listed companies that do not have female directors do not meet our bottom-line diversity criteria. This is not tokenism. All listed company directors must be appointed on merit, however we believe boards without diversity of perspectives are more likely to have blind spots when assessing key long-term business risks.