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Finance

Tender for default KiwiSaver funds finally arrives

Dan Brunskill
Fri, 02 Oct 2020

The Ministry of Business, Innovation & Employment has outlined new criteria for KiwiSaver default fund providers as it seeks bidders in a request for proposals released today.KiwiSaver providers who want to be part of the default scheme will need to offer a low-fee balanced fund that does not invest in weapons or fossil fuels, and demonstrate they can engage with their clients through to their retirement.“The current nine default providers were appointed in 2014, and the tender process will help determine the next set of providers to...

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