- To make an informed choice about responsible investment options, you need to know where your money is going. This is what counts - not the PR flannel.
- Don't get taken in by vague statements about the fund manager's commitment to environmental and social principles. After all, the manager's perspective may be very different from your own.
- If the fund manager won't tell you where your savings go, consider whether you really want to hand them over. We think any scheme advertising itself as a responsible investment option should be required to disclose where it puts members' money.
Who's keeping tabs?
Since 1 April, KiwiSaver providers have been required to disclose whether they take responsible investment into account when deciding where to put members' money. The Securities Commission polices the responsible investment disclosure requirements of the KiwiSaver Act.
The Commission has guidelines on the information that should be made public and intends to review compliance this year. It says it expects disclosure to "go beyond rhetoric" and explain the criteria used to assess investments.
More information
- KiwiSaver fees
- Consumersaver - our free KiwiSaver website
Report by Jessica Wilson
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