Super Trustee can make your retirement saving a little simpler. The Super Trustee Fund has a wealth of professional experience to save you money and to help you get in control of your retirement savings plan.
The Super Trustee Fund is a New Zealand Superannuation Scheme registered with the Financial Markets Authority and the Registrar of Companies; part of the New Zealand Ministry of Economic Development. The scheme has a registered prospectus investment statement and deed of trust and is audited anually. The latest registered prospectus may be viewed at: Companies Office - select; Other Register Search, Superannuation Scheme and in the key word search: select; super trustee.
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The Super Trustee Fund is a QROPS registered with UK HMRC and is able to accept transfers of UK pension funds from UK pension fund trustees. The Super Trustee Fund is available to New Zealand residents and others and has representatives in New Zealand, Hong Kong, Sao Paulo, New York and the UK.
Super Trustee Fund is not a Financial Advisor under the Financial Advisors Act 2008. Financial Advice does not include anything contained in a prospectus, an investment statement or an authorised advertisement.
The trustee is however a Financial Services Provider in terms of the Financial Service Providers (Registration and Dispute Resolution) Act 2008 (FSP Act). Under the FSP Act Super Trustee Limited had to register as a Financial Service Provider with the Registrar of Financial Service Providers - initially the Companies Office.
In order to register:
- Super Trustee Ltd is a member of an approved dispute resolution scheme.
- No director or senior manager of Super Trustee Limited may be "disqualified" - meaning an undischarged bankrupt, prohibited from being a director or promoter (or concerned with the management) of any incorporated or unincorporated body, under a management banning order, or having been found to have been in breach of the FSP Act or convicted of certain offences involving dishonesty in the past 5 years; and
- if there is a licence required for the trustees activities, then the trustee must have that licence. At present there is no requirement for any licence for a superannuation trustee or provider acting as such. The government is proposing a new Financial Markers Conduct Act and is is possible that Super Trustee Limited may need to obtain a licence to be the trustee of a superannuation fund. The new Financial Markers Conduct Act may require an independent administrator but Super Trustee Fund has an independent administrator in place already.
The licensing regime under the Securities Trustees and Statutory Supervisors Act 2011 applies to trustees of debt issuers, statutory supervisors of issuers of participatory securities, and trustees of unit trusts. It does not apply to the trustees of superannuation schemes. Unlike other types of trustees, the trustee of a superannuation scheme is also the issuer. Superannuation schemes are also regulated by the FMA rather than the Securities Commission.
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