for free!
Ts&Cs
1. NZ Funds Private Wealth charge $0 to transfer your UK Pension. If you have chosen to use a non NZ Funds Private Wealth financial adviser you may incur a fee.
2. Britannia – Britannia Retirement Scheme. Pension transfer costs represent a contribution fee charged by an external financial adviser of up to 2.5%, disclosed in Britannia’s PDS dated 25 May 2020.
3. iSelect – iSelect Superannuation Scheme. Pension transfer costs represent a contribution fee charged by an external financial adviser of up to 5%, disclosed in iSelect’s Other Material Information dated 21December 2018.
4. Booster –Booster SuperScheme. Pension transfer costs represent a contribution fee charged by an external financial adviser of up to 5%, disclosed in Booster’s Other Material Information dated 24 March 2020.
5. NZ Funds will not facilitate the deduction of a transfer advice fee that exceeds $1,000 (including GST) for any other financial adviser.
6.Where a non NZ Funds Private Wealth financial adviser charges a transfer fee, NZ Funds may reimburse the client directly up to a maximum of $1,000.
Please note: for both schemes, if you are transferring from a UK Defined Benefit Scheme you may also need to pay additional UK financial advice fees. Comparison based on NZD/GBP exchange rate on 28 May 2020.
When selecting external investment managers, NZ Funds requires that they have in place an ESG policy that appropriately addresses ESG concerns. This policy may be different from NZ Funds’ responsible investing policy, and may permit the external investment manager to invest in securities that would be prohibited under NZ Funds’ responsible investing policy.
Where this is the case, NZ Funds will undertake an assessment of the underlying investment manager’s ESG policy, and may grant the underlying investment manager an exemption from complying with NZ Funds’ responsible investing policy.
NZ Funds will not grant an underlying investment manager an exemption where their ESG policy allows them to invest more than 20% of their portfolio in securities that would be prohibited under NZ Funds’ responsible investing policy, or where their investments in prohibited securities would result in an NZ Funds retail Portfolio or Strategy having an exposure of more than 10% to securities prohibited under NZ Funds’ responsible investing policy.
