Shifting gears: Why more KiwiSaver members are on the move

Shifting gears: Why more KiwiSaver members are on the move
(Image: Getty)
David Chaplin
The KiwiSaver marketing machine shifted down a gear during the 2022/23 financial year to almost idling speed.According to the Financial Markets Authority (FMA) 2023 report on the sector, the number of member transfers between KiwiSaver schemes fell to 131,260 over the 12 months to the end of March, “down 16.8% on 2021, and the lowest number since 2013”. While its reporting period is out of sync with the FMA, Inland Revenue Department (IRD) figures roughly agree, counting just under 127,000 members who changed KiwiSaver provider...

More Opinion

Let the people hold the paintbrush
Policy He Poneketanga

Deb Te Kawa: Let the people hold the paintbrush

Central government works best when communities get a real say.

Deb Te Kawa 13 Jan 2025
BlackRock gives foreign investment a bad name
Opinion

Pattrick Smellie: BlackRock gives foreign investment a bad name

If it had set out to be disliked in NZ, BlackRock would be succeeding handsomely.

Pattrick Smellie 13 Jan 2025
My top columns from 2024
Opinion

Dileepa Fonseka: My top columns from 2024

From Spark losing its literal Mojo to fleeing talent and overpriced houses. 

Dileepa Fonseka 11 Jan 2025