Different names, bigger numbers: how KiwiSaver has changed

KiwiSaver gained about $2.2 billion during the three months to June 30, according to Morningstar. (Image: Getty)

Wed, 14 Aug 2024

There’s something different about KiwiSaver.Has it put on weight? You’d hope so. While KiwiSaver assets under management fluctuate along with market movements, the scheme generally fattens over time even if investment returns prove disappointing – the steady flow of member, employer, and government contributions cushion any losses.Comfortable risk According to the latest Morningstar sector survey, KiwiSaver put on about $2.2 billion during the three months to June 30 during a so-so period for markets. The researcher...

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