Contributing factors as KiwiSaver gains some, loses a few in harder times

(Image: Getty)

Wed, 06 Dec 2023

KiwiSaver continued to put on weight during the September quarter, according to Reserve Bank of New Zealand data, tipping the scales at almost $105.3 billion by period end.The roughly $4.5b increase in KiwiSaver assets under management over the three months nicely equated to 4.5%, the Reserve Bank of NZ (RBNZ) says, and brought the 12-month growth rate to 17.4%.Ignoring the fact that the central bank data disagrees somewhat with industry researcher figures – Morningstar, for instance, noted a decline in assets over the quarter to $96.2b f...

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