Have you been approached to join KiwiSaver by someone coming to your house?
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Students and a pregnant teenager are among those who say they have been pressured into signing up to KiwiSaver by salespeople illegally marketing the scheme by approaching them at home.
Selling any kind of investment house-to-house is illegal under the Securities Act and the Securities Commission is investigating a number of cases after complaints were made to Inland Revenue about the way KiwiSaver was being sold.
Liz, a 20-year-old Wellington student who does not want her full name printed, said she didn’t know it was illegal to sell KiwiSaver house-to-house.
“I was really surprised to find it was illegal. I have had other people come around and sell power, I thought it was normal.”
She was approached to join Huljich Wealth Management’s KiwiSaver scheme by two young salesmen who came to the door of her Mt Cook apartment in January.
“I was already in KiwiSaver but I wanted to hear a bit …
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