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REVIEW SUMMARY

New Zealand Endeavour Fund

The New Zealand Endeavour Fund is a New Zealand QROPS open to non-NZ residents. It is registered with New Zealand's Financial Markets Authority. 

New Zealand is ranked as one of the least corrupt jurisdictions on the Corruption Perception Index, and is therefore seen by many as a jurisdiction with strong investor protections. 

Whilst the firm maintains that it is ‘business as usual’ for existing members, as of 1st December 2016 the scheme was closed to new members.

While there seems to be very little information about it ever since, Garrison Bridge says on it's website that they have assumed management responsibility for the New Zealand Endeavour Fund. 

Our Verdict
A Closer Look
FAQs
Customer Reviews

The NZ Endeavour Fund changed to Garrison Bridge Superannuation Scheme on the 1st of April, 2019.

Previously, you could select from the following range of portfolios from TAM Asset Management (an FCA regulated discretionary fund manager):

  • TAM “Premier” GBP Liquidity Plus (Cash Fund)
  • TAM “Premier” GBP Cautious
  • TAM “Premier” GBP Balanced
  • TAM “Premier” GBP Growth
  • TAM “Premier” GBP Adventurous Growth

Additional investment options are now available under the new scheme through investment managers like:

  1. TAM Asset Management Limited
  2. Vanguard Investments Australia Limited
  3. BlackRock Asset Management Ireland
    Limited
  4. Simplicity NZ Limited

These additional options include:

  • GBP Conservative Fund:
    Great British pound denominated fund employing a passive management strategy invested 80% in income assets (international fixed interest), with a 20% exposure to growth assets (international equities).
  • GBP Growth Fund:
    Great British pound denominated fund employing a passive management strategy invested 80% in growth assets (international equities), with a 20% exposure to income assets (international fixed interest).
  • AUD Balanced Fund:
    Australian dollar denominated fund employing a passive management strategy invested 80% in income assets (New Zealand fixed interest), with a 20% exposure to growth assets (New Zealand equities).
  • NZD Conservative Fund:
    New Zealand dollar denominated fund employing a passive management strategy invested 80% in income assets (New Zealand fixed interest), with a 20% exposure to growth assets (New Zealand equities).
  • NZD Growth Fund:
    New Zealand dollar denominated fund employing a passive management strategy invested 80% in growth assets (New Zealand equities), with a 20% exposure to income assets (New Zealand fixed interest).

While the document below has the new scheme's fee information and charges, we are unsure about validity of the information and would recommend contacting them directly to learn more.

NOTE:

We would highly recommend reading the 'expert verdict' section of this independent review.

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The Pros

> Investment options via a FCA regulated discretionary fund managers.

The Cons

> Very little information about their offerings are available.
Who was managing the old scheme?

The New Zealand Endeavour Fund was managed by Endeavour Fund Trustees Limited and is now managed by Lifetime Asset Management Limited.

Can I still view balances etc. using the online portal with the new scheme?

Yes, the new portal still allows you to view balances, investment performance and make account changes.

Have you used New Zealand Endeavour Fund's services?

Join the conversation - be the first to comment.

Please send your review and comments to marketing@aesinternational.com to help people make an informed decision.

Expert assessment of New Zealand Endeavour

In our opinion, the main disadvantage is that, as current UK legislation stands, Endeavour may not offer flexi-access drawdown as it remains subject to the "70%" rule.

Endeavour has recently reached an agreement with Elmo Pensions in Malta and London, and Colonial Simple SIPP to allow transfers to Malta and the UK.

Our opinion is that Endeavour is not a viable option and there are far better and more flexible alternatives.

Read the UK regulator’s advice on pension transfers here.

Never deal with a firm that isn’t authorised as a UK pension transfer specialist.

If your pension is currently held by Endeavour we recommend that you seek an update on your options from a suitably qualified, fee-based pension adviser.

For pensions worth £250,000 or more, we recommend contacting us for a Second Opinion.

New Zealand Endeavour Fund Comparison to The Garrison Bridge Superannuation Scheme

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