KiwiSaver hits 17: the $100b pop-up year

KiwiSaver hits 17, with all 38 schemes back in the black for the 12-month period after a downbeat 2023 reporting period. (Image: Getty)

David Chaplin

Thu, 29 Aug 2024

The 12 months to March 31, 2024, proved to be a benchmark-smashing time for KiwiSaver.After a dreary, downbeat 2023 reporting period in which total funds under management, or FUM, barely rose year-on-year, the number one New Zealand retirement savings regime popped above $100 billion for the first time during the most recent 12-month stretch.As my 17th trawl through the complete set of scheme annual reports reveals, overall assets soared more than $18b during the latest financial period to reach $111.7b as at March 31 – or an increase of...

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