Browsing Tag
KiwiSaver
2 posts
Warning as KiwiSaver, retail investors back oil and gas projects
Navigation for News Categories Photo: 123RF KiwiSaver and other New Zealand retail investment funds are pumping more money into oil and gas companies in search of quick profits. A report by ethical investment group Mindful Money said in the year ended September 2022, investment in fossil fuel companies growing their core business increased by 80
Simplicity KiwiSaver scheme told to remove misleading advertising, improve compliance
Navigation for News Categories The Financial Markets Authority (FMA) has ordered the low-fee KiwiSaver provider Simplicity to remove misleading advertising and improve its compliance. Photo: 123RF It related to Simplicity's advertising campaign last year, known as "All Greys", which had a statement that the FMA regarded as unsubstantiated and likely to mislead or deceive investors.…