Insights
Updates to KiwiSaver Documents
Updates to our KiwiSaver Documents, July 2024
We're constantly thinking about how we can improve and elevate our approach to investing and investing ethically. As part of this, we have made some changes to important KiwiSaver documents. Please see below for descriptions of the changes and links to the new documents.
Changes to Product Disclosure Statement (PDS)
1. Updated description of Ethical Investment Policy to align with policy updates made last month.
2. Updated description of charitable giving programme.
3. Updating disclosure of commissions and upfront fees paid to advisors.
4. Updated Section 4 (what are the risks of investing) by moving “ethical investment risk” from OMI to PDS and updating the risk to include reference to non-financial outcomes and the risk that we may not be able to implement our Ethical Investment Policy in all instances due to limitations of data, thresholds and exceptions and updating the related party transaction risk.
5. Updated links to Disclose register.
You can view our updated PDS here
Changes to our Ethical Investment Policy
1. Greater explanation of exclusions, companies of concern, exceptions and divestment procedures.
2. Inclusion of revised “mega” positive investment themes (healthy planet, healthy living, deglobalisation, digitisation, social license).
3. Tidied up language in Appendix 1 (exclusions) for consistency. Added additional explanation around exceptions for animal testing – no change to substance of the exclusions.
4. New Appendix 4 describing the procedure for checking investments comply with the policy.
5. General update in presentation to ensure consistency within the policy.
You can view our updated Ethical Investment Policy here
Changes to our Statement of Invesment Policy & Objectives (SIPO)
1. Amendments to Section 4 (Ethical Investing) to align with policy updates to Ethical Investment Policy.
You can read our updated SIPO here
Changes to Other Material Information (OMI)
1. Updated investment committee composition.
2. Updated description of charitable giving programme.
3. Updated Section 5 (What are the risks of investing?), to include the risk that a non-financial outcomes or objectives (such as an ethical objective) may not be achieved.
4. Updated links to Disclose register.
You can read the updated OMI here
Simon is responsible for building and maintaining relationships with independent financial advisers and corporates across New Zealand. He holds a bachelor’s degree in management, an Executive MBA through Massey University, and is a member of the Institute of Directors. He is people-focused and enjoys both the relationship and technical sides of his role, with past experience ranging across both private and public sectors.