Corporate Trustee Services

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Managed funds

What is a managed fund?

A managed fund is a collective investment arrangement where investors' money is pooled and invested in a range of assets. Each investor owns a portion of (or units in) the fund.

We act as trustee for a wide range of managed funds, including...

  • Unit trusts and group investment funds
    Funds that invest in a range of assets and sell units to investors. Our services encompass both wholesale and retail trusteeship.
  • Master trusts and wrap accounts
    A structure is set up to invest in a range of funds, making it easier for investors to manage multiple investments.
  • Superannuation and KiwiSaver schemes
    Funds similar to unit trusts but are covered by different Acts of Parliament, and generally have restrictions on withdrawals.

What we do as trustee

  • We work with the organisation to help prepare the trust deed and disclosure documents and keep them current.
  • We hold the assets, sign off transactions and monitor the fund managers' compliance with the governing rules.
  • We have an extensive investment administration and settlements operation - see custodial services. We also help in choosing and appointing specialists to administer the scheme or assist with such responsibilities as investment mandates.
  • We can act as either the principal trustee - or as an advisory trustee. Our experience covers retail schemes available to the public as well as industry and employer schemes.

Requirements as Issuer of KiwiSaver and Superannuation Schemes

Legislation requires us (as the Issuer) of KiwiSaver and Superannuation Schemes to display information on our website about responsible investment policies and details of the latest registered prospectus. 

Responsible investment policies

Use the following links to view responsible investment statements for the schemes for which we (Public Trust and New Zealand Permanent Trustees Limited) are Trustee and Issuer.

Registered prospectus details

Use the following links to find details of the most recent registered prospectus for the schemes for which we (Public Trust and New Zealand Permanent Trustees Limited) are Trustee and Issuer:

ASB KiwiSaver Scheme

The prospectus for the ASB KiwiSaver Scheme was registered with the Registrar of Financial Service Providers on 30 June 2011 and a copy of the prospectus can be viewed online at the Companies Office website at www.business.govt.nz/companies under 'Search other registers' (the file reference number is  1945180).

ASB Superannuation Master Trust

The prospectus for the ASB Superannuation Master Trust was registered with the Registrar of Financial Service Providers on 30 June 2011 and a copy of the prospectus can be viewed online at the Companies Office website at www.business.govt.nz/companies under 'Search other registers' (the file reference number is 1802086).

AXA KiwiSaver Scheme

The prospectus for the AXA KiwiSaver Scheme was registered with the Registrar of Financial Service Providers on 16 September 2011 and amended on 21 December 2011.  A copy of the prospectus can be viewed online at the Companies Office website at www.business.govt.nz/companies under 'Search other registers' (the file reference number is 1912828).

AXA Business Superannuation

The prospectus for the Superannuation Master Trust (AXA Business Superannuation) was registered with the Companies Office (now the Registrar of Financial Service Providers) on 29 March 2011 and a copy of the prospectus can be viewed online at the Companies Office website at www.business.govt.nz/companies under 'Search other registers' (the file reference number is 1802293).

AXA Personal Superannuation

The prospectus for the Superannuation Master Trust (AXA Personal Superannuation) was registered with the Companies Office (now the Registrar of Financial Service Providers) on 29 March 2011 and a copy of the prospectus can be viewed online at the Companies Office website at www.business.govt.nz/companies under 'Search other registers' (the file reference number is 1802312).

FirstChoice KiwiSaver Scheme

The prospectus for the FirstChoice KiwiSaver Scheme was registered with the Registrar of Financial Service Providers on 8 December 2011 and a copy of the prospectus can be viewed online at the Companies Office website at www.business.govt.nz/companies under 'Search other registers' (the file reference number is 1972559).

Gareth Morgan KiwiSaver Scheme

The prospectus for the Gareth Morgan KiwiSaver Scheme was registered with the Registrar of Financial Service Providers on 16 September 2011 and amended on 15 December 2011. A copy of the prospectus can be viewed online at the Companies Office website at www.business.govt.nz/companies under 'Search other registers' (the file reference number is 1943195).

GMI Superannuation Scheme

The prospectus for the GMI Superannuation Scheme was registered with the Registrar of Financial Service Providers on 16 September 2011 and amended on 15 December 2011. A copy of the prospectus can be viewed online at the Companies Office website at www.business.govt.nz/companies under 'Search other registers' (the file reference number is 2224351).

Grosvenor KiwiSaver Scheme

The prospectus for the Grosvenor KiwiSaver Scheme was registered with the Registrar of Financial Service Providers on 15 September 2011 and amended on 15 December 2011.  A copy of the prospectus can be viewed online at the Companies Office website at www.business.govt.nz/companies under 'Search other registers' (the file reference number is 1889422).

Thoroughbred Super Scheme

The prospectus for the Thoroughbred Super Scheme was registered with the Companies Office (now the Registrar of Financial Service Providers) on 1 July 2010 and amended on 30 September 2010 and 17 December 2010. A copy of the prospectus can be viewed online at the Companies Office website at www.business.govt.nz/companies under 'Search other registers' (the file reference number is 1802167).