Why is Verve Money winding up?

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After carefully evaluating multiple factors, including length of time on the market, asset levels and market demand, we determined it would be in the best interests of Verve Money customers to close the product.  Verve Money did not achieve a scale of customer uptake where we felt it was possible to continue to offer the best value to members of the managed investment scheme. Verve Super is not impacted by the winding up of Verve Money. We are focussed on our core business, superannuation.

All deposits and withdrawals are halted as the fund enters wind up. See FAQs for details.