A superannuation scheme is a scheme which is not a KiwiSaver scheme but is also established principally to provide retirement benefits, and is registered under the Superannuation Schemes Act 1989 (The Act). The Act regulates the registration and operation of superannuation schemes in New Zealand and also implies certain protective provisions and other details into a scheme's trust deed. Anyone offering a superannuation scheme must comply with their obligations under the Act, which includes the need to ensure that the scheme is registered under the Act. Superannuation scheme trustees must also comply with any obligations they have as issuers making offers under the FMC Act or Securities Act.
See the list of all approved complying superannuation funds.
The Anti-Money Laundering and Countering Financing of Terrorism Act (AML/CFT Act) 2009 and its Regulations place obligations on New Zealand’s financial institutions to detect and deter money laundering and terrorism financing. Find out how it affects you.