Total funds in KiwiSaver top $100b for first time

Total KiwiSaver funds have almost doubled since March 2019. (Image: Getty)

Tue, 24 Sep 2024

According to the latest annual report for the year ending March 31, total funds in KiwiSaver are now $111.8 billion, up 19.3% on the year.It was the first time the funds passed $100b, and the increase was due to inflows of almost $24.3b, made up of investment returns ($13.1b) and contributions ($11.2b).“Breaking through the $100b mark is something to celebrate; for a relatively small country like New Zealand, it represents a coming of age of KiwiSaver,” John Horner, FMA director of markets for investors and reporting, said.Total Kiw...

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