Defaultlines: cracks form in the KiwiSaver facade

Defaultlines: cracks form in the KiwiSaver facade
A Russell study calls out the wide variation of returns between the six default funds as a serious issue of concern. (Image: Getty)
David Chaplin
“Hundreds of thousands of New Zealanders will be significantly better off in retirement following changes to the default KiwiSaver scheme,” Finance Minister Grant Robertson and then Commerce and Consumer Affairs Minister David Clark blahed in May 2021.Well maybe, but on the evidence so far, the default scheme reboot which kicked off in December of the same year has delivered sub-par performance across an unacceptably broad range of returns, according to a new Russell Investments NZ analysis of the KiwiSaver market.In a sequel to its...

More Opinion

Cleantech: Burst bubble or our biggest opportunity?
Opinion

Peter Griffin: Cleantech: Burst bubble or our biggest opportunity?

A thriving cleantech sector could be NZ’s ticket to a sustainable, high-value economy.

Peter Griffin 02 Jul 2025
Why luxury needs a wake-up call
Opinion Fashion

Eden Bradfield: Why luxury needs a wake-up call

The focus should be on selling consumers a lifestyle, not just status symbols. 

Eden Bradfield 01 Jul 2025
Facebook is no place for risky financial investment offers
Opinion

Maria Slade: Facebook is no place for risky financial investment offers

Misleading ads continue to be thrust in the faces of Mum and Dad investors.

Maria Slade 30 Jun 2025