ANZ keen to keep KiwiSaver business

Monday 10 Apr 17 7:59am
Interest.co.nz: When the ANZ Banking Group gets around to "considering" the future of its New Zealand wealth unit, one thing it won't be doing is selling its KiwiSaver business, CEO Shayne Elliott says.

ANZ has issued an information memorandum on its life insurance heavy Australian wealth unit with Elliott saying the bank's not simply hoisting a 'for sale' sign. Rather it's seeking a partner. Elliott says the idea is that ANZ continues to offer wealth products and services, but does so with a partner that's "world class at manufacturing and supplying product." More>

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