NZXWT onboards another $200 million
NZX's wealth platform cooks up some more business.
Saturday, November 4th 2023, 6:00AM
The $200 million Cook Islands National Superannuation Fund (CINSF) has completed its onboarding project to the NZX Wealth Technologies (NZXWT) platform.
NZXWT chief executive Lisa Turnbull says the platform will help CINSF improve its operational efficiencies and broaden its investment capabilities.
“Our platform will bring substantial benefits to the CINSF team and its customers with leading technology and operational support that will make it easier to manage their investments. CINSF already has a partnership with our sister firm Smartshares as its investment manager, and we are pleased to build on
this positive experience," Turnbull says.
CINSF chief investment officer David Brown says the partnership with NZXWT will help unlock a range of enhancements to allow for better management of the investment portfolio, improving reporting to the Board and Trustee.
“More importantly, we hope to be able to improve the member experience in terms of enhanced transparency and timeliness of information on their retirement savings,” Brown says.
CINSF moved from relying on an outsourced model with manual processes to a consolidated platform that it can operate whilst also having up to the minute access to its member data.
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