Bravura solidifies NZ presence



Specialist financial services platform provider Bravura Solutions has solidified its presence in the New Zealand market, announcing this week that it had surpassed one million KiwiSaver members supported on its wealth management platforms.
According to Bravura chief operating officer Jason Tong, the majority of KiwiSaver accounts are now administered on Bravura platforms.
He said he believed this stood as testimony to the quality of the software and its depth of functionality.
KiwiSaver was introduced by the New Zealand government in 2007 as a national workplace savings scheme designed to encourage New Zealanders to save for their retirement. Today KiwiSaver has a total member base of 1.8 million New Zealanders.
Recommended for you
With the final tally for FY25 now confirmed, how many advisers left during the financial year and how does it compare to the previous year?
HUB24 has appointed Matt Willis from Vanguard as an executive general manager of platform growth to strengthen the platform’s relationships with industry stakeholders.
Investment manager Drummond Capital Partners has announced a raft of adviser-focused updates, including a practice growth division, relaunched manager research capabilities, and a passive model portfolio suite.
When it comes to M&A activity, the share of financial buyers such as private equity firms in Australia fell from 67 per cent to 12 per cent in the last financial year.