Responsible Investment News

Clients expect deep RI understanding: Kiwi Wealth

A survey by the fund manager found that 89% of people expect their KiwiSaver funds to be invested responsibly.

Almost 80% would consider changing provider if the scheme they were in was not investing in a way that was consistent with their values.

Kiwi Wealth head of retail wealth Joe Bishop said advisers had an important role in the development of responsible investment in New Zealand.

He said a crucial part of their job was to understand how fund managers invested.

“If as an adviser you never want to be in a situation where an investor says why is my money invested in this terrible company or this area I don’t believe in … advisers need to understand their clients, their concerns and their wants and needs and that includes responsible investments.”

He said there was quite a bit of work involved for advisers in understanding what fund managers’ responsibility claims meant – and they couldn't rely on a fund's marketing.

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