Who will buy KiwiWealth? And why it matters.

Do we have enough kangaroos in our back yard already? (Image: Getty)

Fri, 01 Apr 2022

Now the worst-kept secret is out – that Kiwi Wealth is on the market – the question is who will buy the firm. But there are some other big questions too.Kiwi Wealth is the fifth largest KiwiSaver provider with around $7 billion in funds under management and is one of the firms to retain default status last year.The business is owned by Kiwi Group Holdings (KGH), which has NZ Post as the majority shareholder (53%). The NZ Super Fund and Accident Compensation Corporation have stakes of 25% and 22% respectively.One of these owners...

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