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...

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