If you're thinking about using a corporate trustee, get in touch with us early so you can utilise our experience from the outset. We can help you assess options, identify potential issues, and make key decisions that can save you time and money later.
We’ll become your trusted partner, working closely beside you to provide advice and quick responses. We work to understand your business, so we can provide advice that’s relevant and appropriate to your situation. You'll also have access to technical support from the wider Public Trust network, as needed.
Once your venture is launched, you’ll find us:
Consulting with you, keeping you fully informed
Continuing to be proactive
Meeting with you regularly to review progress
Providing feedback and suggestions to streamline your processes and systems
Gain the advantage of a quality service tailored to your commercial objectives with Corporate Trustee Services by your side - we are committed to finding solutions that help your venture succeed.
Meet our team
The Public Trust name represents integrity, honesty and reliability. If you're launching a venture, our reputation, experience and approach will enhance your project's credibility and help gain the confidence of investors and their advisers.
Kirk has been in the Trustee and Financial Services industry in New Zealand for over 25 years helping with Estate Administration, Taxation, Farm Management, Commercial property and more recently leading the team that handles KiwiSaver withdrawal applications.
Corporate Trustee Services' strengths are our reputation, our established roots and depth of experience. We’re the first choice for many New Zealand corporate organisations.
We’re a division of Public Trust, New Zealand’s sole crown-owned trustee organisation and known for stability, integrity and reliability.
We’ve been providing services to a wide range of public and private schemes since 1967, and are retained by many of New Zealand's most respected financial services and investment companies.
We work in partnership with you to help you balance commercial reality with the need to meet your legal obligations. You'll find the way we work is different from other corporate trustees.
Our team has broad financial and commercial expertise, and can offer quality advice based on practical experience. We’ve been involved with a diverse range of corporate trustee appointments.
Corporate Trustee Services operates independently of other Public Trust divisions, but can access its resources and skills as needed. Corporate Trustee Services does not have any commercial investment vehicle of our own, nor are we subject to governance from any commercial or offshore institution.
Industry Accredited and Secure
Corporate Trustee Services is an active industry participant and is a member of the Trustee Corporations Association.
Under the Financial Markets Supervisors Act 2011 (FMS Act) Public Trust is licensed by the Financial Markets Authority (FMA) to act as a trustee or supervisor of:
Public Trust is also licensed under the Financial Markets Conduct Act 2013 to provide corporate independent trustee services to restricted schemes. The licence is issued subject to the Financial Markets Conduct (Corporate Trustees) Exemption Notice 2016. Details of Public Trust's licence can be found in: Financial Markets Authority Market Service Licence - Public Trust [PDF].
Compliance programmes and caps
It has been almost 10 years since Public Trust was licenced under the Financial Markets Supervisors Act 2011, becoming one of the inaugural licenced supervisors and one of the first market participants to be subject to a licencing regime overseen and administered by the Financial Markets Authority (FMA). During this time, we have witnessed significant change in the regulation of the investment management industry.
Low interest rates have made private assets more popular to investors, but how are illiquid assets valued?
The current low interest rate environment has increased the trend of KiwiSaver fund managers looking to invest in private assets alongside the more traditional vehicles of listed shares and traded bonds.
Ushering in the new era of KiwiSaver default providers
Actions taken following the Government’s seven-yearly review of default KiwiSaver providers will have implications for outgoing, incoming and ongoing default providers. Impacts will also be felt by other parts of the sector; where approximately 276,000 default members and $3.39 billion (as at 31 March 2021) are subject to involuntary transfers from early December.
Public Trust works with FMA on new managed fund fees assessment trial
In April 2021, the Financial Markets Authority (FMA) published guidance aimed at helping licenced fund managers ensure that their fees are reasonable, and also that those services represent good value for money.
Public Trust, in conjunction with other members of the Trustee Corporations Association (TCA), is working with the FMA on how the guidance should be uniformly applied to the schemes they supervise.