Fisher Funds to become second biggest KiwiSaver provider with $310m Kiwi Wealth acquisition

Fisher Funds is understood to be planning absorb Kiwi Wealth and will seek to retain its default status. (Image: Kiwi Wealth)

Dan Brunskill

Mon, 15 Aug 2022

Kiwi Group Holdings has announced Fisher Funds will purchase Kiwi Wealth for $310 million, as reported by BusinessDesk earlier this month. Chair of the crown-owned holding company, Paula Rebstock, said it was a “positive result that will enable the Kiwi Wealth business to grow as a part of the Fisher Funds family”.A statement this morning said that Kiwi Wealth will be integrated into Fisher Funds over time.Fisher Funds will also enter a strategic partnership with Kiwibank, with the bank referring KiwiSaver customers to Fisher F...

Subscribe to BusinessDesk

Stay informed on business, government and financial developments across New Zealand.

Stay informed on business, government and financial developments across New Zealand.
Deeply researched, twice-edited and fact-checked news
Annual subscribers also receive a complimentary subscription to The Wall Street Journal
Personalised email news alerts, plus gift up to 5 stories a month to non-subscribers

You can cancel anytime with two clicks, an email or a phone call.
Find out more.

We are serious about journalism.

Name {{ registerForm.errors.get('name') }}

Email address {{ registerForm.errors.get('email') }}

Phone Number {{ registerForm.errors.get('phone') }}

Job Title {{ registerForm.errors.get('title') }}

Password Minimum password length of 8 characters.
Require at least one upper and lowercase, numeric, and special character. {{ registerForm.errors.get('password') }}

Repeat password {{ registerForm.errors.get('password_confirmation') }}

We had trouble validating your card. It's possible your card provider is preventing us from charging the card. Please contact your card provider or customer support.

Credit Card

Cardholder's name

{{ __(plans[index].interval) | capitalize }} {{ plans[index].attributes.old_price | currency }} {{ plans[index].price | currency }}

All subscriptions auto renew but are easy to cancel.

I Accept The Terms Of Service

{{ registerForm.errors.get('terms') }}

Tax: {{ taxAmount(selectedPlan) | currency }}

Total Price Including Tax: {{ priceWithTax(selectedPlan) | currency }} {{ selectedPlan.type == 'user' && spark.chargesUsersPerSeat ? '/ '+ spark.seatName : '' }} {{ selectedPlan.type == 'user' && spark.chargesUsersPerTeam ? '/ '+ __('teams.team') : '' }} / {{ __(selectedPlan.interval) | capitalize }}