Under the Financial Advisers Act 2008, exemptions exist for specific groups of people who qualify as being an ‘eligible investor’.
What is an eligible investor?
An ‘eligible investor’ is defined by the FMA as a person who “has sufficient knowledge and experience dealing in financial products that enables them to sufficiently assess the merits and risks of a transaction.”
An ‘eligible investor’ needs to satisfy a number of criteria. It is important that financial markets participants understand these criteria, and are aware that slightly different requirements apply under each of the financial markets legislation.
An eligible investor can opt-out from receiving financial advice prior to joining the superannuation scheme and make their own investment decisions.
How to become an eligible investor?
To be an ‘eligible investor’ under the Financial Market Conduct Act 2013 a person must, before making an investment, certify in writing that they are an eligible investor.
Saturn Invest does not manage any funds in-house and is dedicated to providing the best options for you to choose from.
The selected funds are then included in the investment universe which can be found in the scheme Investment Options Statement updated quarterly.
Customised portfolio
Eligible Investors
Think of it as your self-invested personal pension (SIPP). As an eligible investor, you are free to build your ideal portfolio using any of the investment funds in our Investment Options Supplement.