DAVID CHAPLIN: KiwiSaver at 13 – unlucky for some

Michael Cullen introduced KiwiSaver in 20017

Wed, 30 Sep 2020

Despite arriving at the onset of the global financial crisis, the KiwiSaver regime had a happy beginning in 2007.With the full surge of membership growth yet to hit and account balances low, any GFC-related losses barely registered among the public.By the time the GFC allegedly blew over in 2009, the rapidly growing KiwiSaver population - now above 3 million - was poised to ride the almost uninterrupted wave of positive market returns to all-time highs.It hasn’t been non-stop fun, of course.KiwiSaver has been dogged by procedural issues,...

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