News and Events

Huljich statement to stakeholders
18/02/2010

Dear Stakeholder,

You may have seen some recent media speculation about the sources of income in our three KiwiSaver Funds for the six months to March 31, 2008 and the 12 months to March 31, 2009.

Attached is a statement, which we have issued to explain what has happened and what we are doing about it. Please be assured that the amendments we will make to the accounts for those periods make no difference to the amounts of previously advised returns members have received, and that we will continue to focus on maximizing returns for all members. The amendments do not affect the previously reported actual returns for the three Funds. Nor will they change the reported high overall performance ranking of our KiwiSaver Scheme in the year to March 31, 2009.

We intend to update the prospectus shortly to clarify the sources of income for our KiwiSaver Scheme, and until this is registered, no new memberships will be offered. As a company we strive for the highest standards and the updated prospectus will bring clarity to the situation and answer recent public comment and speculation. It will be posted on our website when it is registered.

In the meantime, please read the attached Statement and contact us if you have any queries.

Yours sincerely,
Peter Huljich
Managing Director
Huljich Wealth Management

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