DAVID CHAPLIN: Banks scramble as Vanguard dumps KiwiSaver funds

DAVID CHAPLIN: Banks scramble as Vanguard dumps KiwiSaver funds
David Chaplin
Vanguard Australia broke ranks with global best practice in funds management this month. It returned many, many billions of dollars before investors asked for it back.The shock move will see Vanguard stop managing money on behalf of many institutions in Australia and New Zealand, including several KiwiSaver schemes, as it starts playing directly in the retail market.In total, Vanguard expects to hand back A$160 billion – or about the equivalent of New Zealand’s entire managed funds sector - by the time it consciously decouples...

More Opinion

The pragmatism behind the WorkSafe reforms
Law & Regulation

Mike Mercer: The pragmatism behind the WorkSafe reforms

The greatest risk right now is not the reform itself, but how it is being received.

Will Paypal co-founder Max Levchin return?
Opinion

Robbie Paul: Will Paypal co-founder Max Levchin return?

The golden age of golden visas is dawning in New Zealand.

Robbie Paul 12 Jun 2025
The rise of 'vibe coding'
Opinion

Peter Griffin: The rise of 'vibe coding'

Vibe coding could become the most efficient way to prototype new products.

Peter Griffin 11 Jun 2025
Methane open letter's mistakes
Primary Sector

Adrian Macey and Dave Frame: Methane open letter's mistakes

No 'accounting trick' in the best measure for methane's climate impact.

OSZAR »