TSB Bank says its getting more benefit than anticipated from its alliance with, and shareholding in, the Fisher Funds business.
In February last year, TSB took a 26 percent stake in Fisher Funds as part of its $79 million purchase of Tower Investments, which included Tower's default KiwiSaver scheme.
The deal made Fisher Funds the fifth largest KiwiSaver provider.
TSB chief executive Kevin Murphy said it had taken a while to integrate the Tower business and to train its staff to talk to customers about KiwiSaver but the investment was paying off.
