FSC welcomes KiwiSaver investment in unlisted assets

The Financial Services Council (FSC) welcomes the Government’s announcement to allow KiwiSaver funds to be invested in unlisted assets.

CEO of the FSC Kirk Hope believes this initiative is a good step towards invigorating New Zealand’s capital markets and fostering economic growth.

“KiwiSaver plays a crucial role in the financial wellbeing and retirement of New Zealanders, with over $120 billion currently invested. However, the majority of these funds are currently invested offshore, providing limited benefits to the local economy,” said Mr. Hope.

“By enabling KiwiSaver investments in unlisted assets, such as infrastructure projects and innovative New Zealand businesses, we can unlock substantial capital for domestic growth.”

“This reform will not only provide Kiwi businesses with much-needed capital to innovate and expand but the opportunity of greater diversification for KiwiSaver,” concluded Mr. Hope.

The FSC looks forward to working with the Government and other stakeholders to ensure KiwiSaver is fit for purpose in delivering a dignified retirement for, and growing the financial confidence and wellbeing of, New Zealanders.

ENDS