Workplace Savings NZ and the Financial Services Council today announced a merger into one single organisation under the Financial Services Council banner from 1 July 2019, creating a membership association of close to 80 organisations.
It is a key milestone, as the merger brings together the KiwiSaver, Investment and Life Insurance industries that together will focus on strong and sustainable consumer outcomes, sustainability of the sector and lifting standards and professionalism from a single, stronger voice.
Rob Flannagan, Chair of the Financial Services Council said, “The merger is a great opportunity to bring the wealth management industry together under one roof and focus the efforts of our joint members on the important issues of the day, as well as looking to the future of both the industry and all New Zealanders.”
David Biegel, Chair of Workplace Savings NZ, said “This is a momentous day for our sector. Workplace Savings NZ has a rich heritage of over 50 years of driving great consumer outcomes through superannuation and more recently KiwiSaver schemes, helping New Zealanders save for their future.
Read the full media release.