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PRIVATE BIN: what goes around comes around for Morgan

Gareth Morgan Kiwisaver has had to reissue its annual report. GMK confessed to members that it rounded up numbers rather than listing whole figures and had omitted a fee notice from the original.

Certainly many companies probably have to tidy up their annual reports after the fact but people who live in glass houses and all that … Gareth almost certainly won a lot of business by crusading against other providers' fee structures etc.

Comments and questions
7

Get of his case. This guy,s integrity & credibility is way ahead of the rest of the blood-suckers vying for the business, and that's the reason why sensible investors prefer to have him on their side. History will prove that his straight talking big picture modus operendi without the minor detail smoke & mirrors is way more preferable to prudent punters than the other opportunists that will clearly rip them off if given the chance.

I love that you decided Gareth Morgan is just like every other provider because of an admin error. At least you didn't go OTT on him like I am sure the Dom Post & Herald will but no need to be so smug.

Totally agree with the other comments above - I moved my KiwiSaver to his outfit because I've worked for some of these large life / investment companies and know what goes on behind the scenes so frankly, I couldn't give a stuff about a little mistake like this.

Members were advised of the changes less than an hour after the report was issued - a week ago today.
Was there any real significance to the changes made, were they anything more than technicalities?

Why am I surprised that the publication that champions the free market, in much the same way as Canute championed the waves, should have a go at one of the few investment advisors who has honesty and integrity. Just take a look at the annual reports of some of your "role models" - Petrovic ; Watson etc and make comment on their down right lies before criticising what is basically a "typo"

What a load of rubbish, who actually wrote this??
Sensationalist headlines and journalism that seems to be more the authors tall poppy bashing of Gareth Morgan, rather than actually delivering unbiased news.
The story should be about companies that have discovered an error in their report and NOT reissued it or told clients, not those that do.
NBR what are you up to you are better than this.

I haven't read anywhere that Gareth Morgan paid himself millions of dollars for his advice as did so many others who stole their clients money with no advice. He is probably the only honest finance advisor in New Zealand