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TOWER has been helping New Zealanders protect and grow the things they value for 139 years. We provide comprehensive and innovative insurance, superannuation, savings and investment, trusts and asset management products and services through our businesses in New Zealand and the Pacific Islands. Our Investment business has NZ$5 billion funds under management and advice (as at 30 September 2007).
TOWER includes market-leading asset management and portfolio administration services. Our leading savings and investment solutions have been consistently recognised by FundSource in their Fund Manager of the Year awards. TOWER was named Fund Manager of the Year in 2004 and 2005, 2nd Runner Up in 2006 and winner again in 2007*.
*Per Awards announced on 26 October 2007 by FundSource, the investment strategy and research company. This Award should not be read as a recommendation by FundSource. For further advice on the relevance of this award to your personal situation consult your financial adviser, or visit www.fundsource.co.nz
TOWER won the prestigious Chapman Tripp Bond Fund Manager of the Year award, at the National Business Review 2009 INFINZ Industry Awards held on April 30th 2009.
We have been notified by Tower that they will be closing down the Tower Spotlight Asia Fund and the Tower Spotlight Europe Fund by 26 February 2010. Please read Tower's official notification and explanation on why they are closing these funds.
In response, the RaboPlus Investment Committee has placed this fund 'On hold' whilst the fund is closed to new investments. If you hold hold units in the fund, this means:
You will no longer be able to buy additional units in the fund.
You may choose to sell units in the fund at any time between now and 26 February 2010.
If you still hold units at 26 February 2010, your units will be sold automatically and the money will be put into your RaboPlus Master Savings Account.
RaboPlus wish to remind customers that we will continue to administer your investment in the fund whilst you remain invested and we will also continue to provide ongoing pricing and performance updates, as well as further information on the closure of the funds when available.
For customers looking to withdraw their investment in these funds, you may do so at any time up to an including 26 February 2010. If you choose to move some or all of your investment to another fund with RaboPlus, we wish to remind you that we have waived our usual Entry Fee of 0.75% until 1pm 31 December 2009.
If you have any questions please contact the RaboPlus Customer Contact Centre on 0800 22 44 33, 8am - 7pm Monday to Friday or email us at info@raboplus.co.nz.
RaboPlus wishes to advise customers that the TOWER Extended Markets Fund has been withdrawn from the Investment Menu. Effective 9 June, Tower closed and wound up this fund.
Customers who previously held an investment in the Extended Markets Fund may contact RaboPlus on 0800 22 44 33 or email us at info@raboplus.co.nz for further information.
Want to talk? Call 0800 22 44 33 Monday - Friday 8am - 7pm
Contact us0800 22 44 33
RaboPlus is a division of Rabobank New Zealand Ltd
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