KiwiSaver grow-slow

KiwiSaver grow-slow
Membership growth rates have naturally slowed. (Image: Getty)
David Chaplin
The KiwiSaver market has hit a slow patch.Inland Revenue Department (IRD) data show scheme member numbers grew by a measly 45,363, or just 1.35%, over the 12 months to June 30 this year, in what ranks as its worst-ever result by this metric.Membership growth rates have naturally slowed over the years as KiwiSaver draws a greater proportion of the overall population into its fold. As at the end of June, the 39 registered schemes housed more than 3.4 million investors, compared with the total New Zealand headcount of about 5.3 million.The annual...

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