Summer awarded hallmark of clarity for Product Disclosure Statement

News & Events

Posted 16 May 2019

We are delighted that the Summer KiwiSaver scheme's Product Disclosure Statement (PDS) has again been awarded the WriteMark Plain Language Standard.

In a field known for its complexity, Summer’s goal is to help people on their investment journey. Being awarded the WriteMark on the PDS is a reflection of our commitment to helping investors make informed decisions.

Since the scheme launched in 2016, the Summer PDS has achieved the WriteMark each time it has been updated. The new statement includes changes to Summer’s fund offering meaning it now has three multi-asset class funds. This brings the total funds on offer to ten, giving members more investment choice when designing a customised KiwiSaver account. In addition, the latest version of the PDS covers recent changes to KiwiSaver brought in by the Government – new contribution rates of 6% and 10%. Read more about this and other legislative changes on the Summer website here.

"To retain the WriteMark, a document needs to be reassessed each time it changes," says Lynda Harris, Founder and Chief Executive of Write Limited. “The Summer PDS continues to deliver to a high standard for ease of reading and understanding.

The WriteMark is a quality mark awarded to documents that achieve a high standard of plain language. A document that carries the WriteMark:

  • has been checked against the rigorous WriteMark criteria
  • is focused on the needs of the intended audience
  • is easy to read, understand, and act on

Accessible information is a cornerstone for making wise decisions about investment and at Summer we are committed to ensuring that the PDS remains transparent and accessible. It clearly explains how the Summer KiwiSaver scheme works, its risks, and investors’ rights.

"The statement is a living document, and as it changes we work to keep it up to the WriteMark standard," says Trish Oakley, Head of Summer.

Read the Summer KiwiSaver scheme's current Product Disclosure Statement on the Summer website. If you interested in joining, read more about Summer.

The Summer KiwiSaver scheme is managed by Forsyth Barr Investment Management Ltd. You can obtain the Scheme’s product disclosure statement and further information about the Scheme at www.summer.co.nz, from one of our offices, or by calling us on 0800 11 55 66. Forsyth Barr Investment Management Ltd is a licenced manager of registered schemes and part of the Forsyth Barr group of companies.

Disclosure statements are available from Martin Hawes or a Forsyth Barr Authorised Financial Adviser, on request and free of charge.

If you're new to investing or just have a question please call us: 0800 367 227