Fisher to buy back KiwiSaver default status with Kiwi Wealth purchase

Kiwi Wealth CEO Rhiannon McKinnon. (Image: Supplied)

Mon, 01 Aug 2022

Fisher Funds has pipped New Zealand's biggest broker and investment banker, Jarden, for the sale of Kiwi Wealth – the KiwiSaver and investment products arm of government-controlled Kiwi Group Holdings (KGH).Indications are that Fisher intends to fold the operation into its existing business with the potential for significant job losses, further hollowing out the financial services sector in Wellington, where Kiwi Wealth is headquartered.It is also understood that the Kiwi Wealth brand will disappear if the transaction between the four...

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