Sunset, sunrise: new boom in KiwiSaver choice

A new dawn for KiwiSaver choice? (Image: Ruth Nichol)

Wed, 07 Jul 2021

KiwiSaver is a sunrise industry, again.Over the last 12 months alone, four new KiwiSaver providers have peeked over the horizon, one scheme following another in rapid succession.Switched on only last week, the shiniest newcomer, Aurora, brings the total KiwiSaver universe up to 37 schemes, compared to a low of only 29 in the dark ages of just four years ago.Aurora was “the name of the Roman goddess of sunrise whose tears turned into the morning dew,” the internet says.The KiwiSaver renaissance – as measured by scheme numbers &...

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John Penno quits Synlait board as George Adams elected chair

Synlait Milk co-founder John Penno has quit the company’s board, and George Adams has taken over as chair.The debt-laden milk processor told the New Zealand stock exchange (NZX) on Wednesday that Adams, who joined the board in March as an independent director, would take over fro...

Riley Kennedy 9:15am