| |
TOWER KiwiPlan
TOWER's KiwiSaver scheme is called KiwiPlan. TOWER KiwiPlan (KiwiPlan) is the simple way to save for your retirement. KiwiPlan is portable, which means that you can maintain and continue your savings when you change employers. KiwiPlan is a registered KiwiSaver scheme under the KiwiSaver Act 2006 (the Act), as amended from time to time.
The investment options offered by KiwiPlan are selected by the Trustee and currently comprise funds managed by TOWER Asset Management Limited. Your contributions are held in a separate account in your name and invested in one or more of the funds (see details of TOWER's current KiwiPlan Fund Performance here).
Your KiwiPlan balance is allocated into units which represent a share of the fund's assets. The value of the fund's assets can change, which means that the unit price can also change – this may be either up or down. The change in these values is influenced by market conditions at the time.
The Crown, nor any other person, does not provide any guarantee in respect of KiwiPlan or any other KiwiSaver scheme or any investment product of KiwiPlan or any other KiwiSaver scheme.
Who is involved in providing it for me?
KiwiPlan is a KiwiSaver scheme under the Act, registered on 3 April 2007. TOWER Employee Benefits Limited is the Promoter, Administration Manager and Investment Manager of KiwiPlan. TOWER Employee Benefits Limited was incorporated in 1994 and is a wholly-owned subsidiary of TOWER Managed Funds Limited. Its ultimate holding company is TOWER Limited. The Trustee of KiwiPlan is Lighthouse Superannuation Nominees Limited, a wholly-owned subsidiary of Trustees Executors Limited.
|