Five KiwiSaver default providers out, Simplicity and Smartshares in

Commerce and consumer affairs minister David Clark said the government wanted KiwiSaver default providers to deliver more.

Jenny Ruth

Fri, 14 May 2021

The government has slashed the number of KiwiSaver default providers from nine to six with five of the existing providers being removed from Dec 1.The two new providers are Simplicity and NZX's Smartshares while Bank of New Zealand, Booster, Westpac's BT Funds Management and Kiwibank's Kiwi Wealth retain their default status.The five who will lose their default status are AMP, ANZ Bank, currently the largest provider, ASB, the second-largest provider, Mercer and Fisher Funds.Finance minister Grant Robertson and commerce and con...

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