KiwiSaver schemes chop and change

(Image: Getty)

Wed, 22 May 2024

KiwiSaver steamed ahead during the March quarter as solid investment returns turbo-charged the regular fuel injection of contributions.Data from research house Morningstar shows total KiwiSaver funds under management increased 4.4% during the first three months of 2024 to close at $108.6 billion.According to Inland Revenue Department (IRD) figures, combined employer, employee and government contributions topped $2.5b billion in the three-month period, implying investment gains of about $2b for the period.Complete KiwiSaver assets under manageme...

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