KiwiSaver on the cusp of $100 billion

Depending on your data source, KiwiSaver funds under management ranged between $91.9 billion to more than $97b as at the end of March this year.If the Reserve Bank of New Zealand (RBNZ) figure of almost $97.2b is correct, the KiwiSaver market should top $100b during this quarter.On the other hand, Australian research houses Morningstar and Plan for Life valued KiwiSaver at $91.9b and $93.3ish-b, respectively, at March 31, suggesting the $100b party might have to wait for a few more months.There’s probably a good explanation for the $4b to...