Originally Posted by
Harrie
Disappeared into the too hard basket I suspect. They may have shat in their own nest over this because I can't see how they can treat Milford any differently than the way Hulich was treated in a similar "manipulation" issue. That's a fine and losing their licence to operate as a kiwisaver provider. I doubt they will go that far though and likely come up with some politically correct bull**** to prevent that.
I think that the fact that NZSF is staying in there with a reasonable holding is a good sign though (as long as it lasts) I think they just wanted to get under the 5% threshold. Who knows!