A spokesman for SuperLife told International Adviser that four key paragraphs in the report, on the QROPS.net website, were “incorrect” and that the company had “advised the author of that site that they are wrong and must retract those statements”.
The paragraphs in question say SuperLife “has written to expats and international workers who have transferred pension funds into the Kiwisaver QROPS, to tell them that no further transfers from UK schemes will be accepted”.
The QROPS.net report also makes reference to criticism of SuperLife last year by the New Zealand Financial Markets Authority, which, it says, “lambasted the trustees” behind the Kiwisaver scheme “and ordered them to overhaul their practices”.
In fact, the SuperLife spokesman said, the FMA’s comments “related to the sales activity of a single KiwiSaver salesperson, who [was subsequently] fired by SuperLife”, and in any event, had “nothing to do with QROPS”.
“You will have noted that HMRC has SuperLife’s KiwiSaver scheme on its QROPS list”, the spokesman added.
QROPS.net did not immediately respond to phone calls and emails this morning seeking comment.
According to its website, Aukland-based SuperLife is one of New Zealand’s largest specialist superannuation providers.
