Important Notice Regarding Asteron

KiwiSaver Scheme

The KiwiSaver market is currently experiencing consolidation, and after careful consideration, Asteron has made the decision to enable Asteron KiwiSaver Scheme members to transfer to another specialist KiwiSaver provider, and to wind up the Asteron KiwiSaver Scheme as at 31 May 2010.

Your KiwiSaver investment will be transferred to another specialist provider of your choice where it will continue as part of the normal KiwiSaver scheme open to New Zealanders.

What do you need to do if you are an Asteron KiwiSaver Scheme member?

• You need to select a new KiwiSaver provider. Inland Revenue will allocate you to a default KiwiSaver scheme if you do not select a new KiwiSaver provider.
• The decision about your new provider is completely up to you - you can choose where your investment is transferred to.
• However to assist you in making this decision, we have analysed the market options available to you and we have arranged with an existing KiwiSaver provider with very similar funds to the Asteron KiwiSaver Scheme to be made available to you. This is the Grosvenor KiwiSaver Scheme.

The Asteron KiwiSaver Scheme has continued to progress soundly over the past year and our decision to exit the market is not related to performance.

More information

Asteron KiwiSaver Scheme members will have already received an information pack which explains what is happening in more details – however you can also download this here.

For more information about Grosvenor KiwiSaver Scheme – including an Investment Statement for Asteron KiwiSaver Scheme members – please contact Grosvenor on 0800 336 338.

Please call Asteron on 0800 55 60 65 if you have any additional questions.