Regulators asked to ease KiwiSaver hardship withdrawal process

Fri, 27 Mar 2020

KiwiSaver fund managers are asking regulators to ease the documentation required to access hardship withdrawals, with inquiries surging as the covid-19 global crisis floors the New Zealand economy.BusinessDesk understands the Ministry of Business, Innovation and Employment is investigating ways to make the application process easier during the level 4 alert lockdown.The moves come as KiwiSaver fund managers also report a 10-fold increase in the number of people switching from one kind of fund to another, with a massive shift away from higher ri...

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