Forum Archive Index - June 2000

["Ben Dutton" <bendutton@sharechat.co.nz>]

Warner wrote:
> Nat Mail and NZ Post must be thinking of other ways to generate
> revenue..They must see the trend already.
They are (or at least NZ Post is).  Check out this announcement last Friday
from Tower:

GEN: TWR: POST SHOPS LOOK TO OFFER MANAGED FUND PRODUCTS

NZ Post and Tower are exploring opportunities to provide managed fund
products through the nationwide network of Post Shops.  It is anticipated
that the managed funds will be trialed in a limited number of Post Shops
later this yer.  CEO of NZ Post Enterprises John Allen and Tower Group MD
James Boonzaier said the managed fund products would be specifically
tailored towards the savings and investment needs of Post Shop customers.
Mr Allen said Post Shop customers would have access to investment statements
and prospectuses and the ability to make their investments over-the-counter
through NZ Post's secure Post-Link system.      Mr Allen said the
development managed funds products with Tower was consistent with NZ Post's
strategy to provide a range of financial services through Post Shops but was
not directly related to ongoing work on banking services.
END

Certainly doesn't have much to do with stamps!

Best Regards,

Benjamin Dutton


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