So the Kiwisaver scheme looks like it might be worth paying some attention to.
I decided to check out the
list of providers on the Kiwisaver website, to see if who might be worthwhile.
Interesting range of presentations. I initially dismissed the
Fisher Funds site because they blasted me with a twee video ... that was before I hit the
Tower Kiwiplan site. Bloody hell, talk about overkill. I felt like I was being talked down to (despite the wee bits of humour in the videos.)
The Aon site ... very sad.
Under Maintenance
The AonSaver site is currently under maintenance and will be available on Monday morning. Please call 0800 AONINFO, during normal business hours, if you have any queries. Has nobody there thought it through ... the Kiwisaver scheme is
launched on Monday, the punters (like me) are gathering their information
before Monday (duh).
My primary interest in all these sites was whether or not there was any interest in
Ethical Investment, and the only mention I could find anywhere was on the
Gareth Morgan Kiwisaver Site which said:
We do not hold direct investments in arms/tobacco/alcohol businesses or directly support unethical practices, but we do invest in Australian funds, UK investment trusts and US index trackers. These fund managers invest in hundreds of companies, which we do not scrutinize in detail. It is therefore possible that unethical investments will indirectly make up part of the portfolio. We do not offer a purely ethical fund or investment direction. We strive to invest your savings in a responsible and ethical manner.Not 100%, but as they were the only ones ... they get to win the race!
UPDATENo, it is not the smartest
financial decision-making process, but the lack of any ethical investment options in such a big scheme is appalling!
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