27 Aug 2020

ANZ winding down Bonus Bonds scheme

From Morning Report, 8:58 am on 27 August 2020

ANZ is wrapping up it's Bonus Bond scheme after more than 50 years of bolstering investors' hopes of winning $1 million. The idea, conceived in the 1970s, has been said to have been that of Robert Muldoon's English chauffeur. Now over a million New Zealanders will be wondering what to do with them, and the Bonus Bond website crashed last night as people rushed to find out how to cash them in. Managing director of KiwiSaver provider Simplicity Sams Stubbs speaks to Susie Ferguson.