KiwiSaver as teenager: what does it really want?

Now 14 years old, KiwiSaver is betwixt and between a period of generous subsidies and more compulsion (Image: Depositphotos)

David Chaplin

Wed, 04 Aug 2021

By most measures, KiwiSaver has racked up a sound 14 year record.At the end of June, the mostly locked-in savings scheme had accrued over 3.1 million members, close to $85 billion under management, decent investment returns, a diverse range of schemes (now numbering 37) and no major scandals.But that’s not good enough, according to a recent industry-funded survey.The Financial Services Council recent ‘Money and you’ study, subtitled ‘KiwiSaver at the crossroads’, reckons the scheme should have built up assets of be...

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