Some KiwiSaver funds still hold shares in the naughty list

About 75% of all New Zealanders stick with their default funds rather than making an active choice. (Image: Getty)

Wed, 21 Sep 2022

As a government-initiated venture, KiwiSaver will always make for political sport where even weird off-the-ball incidents like the recent GST-on-fees fisticuffs can get the crowds on their feet.Getting in on the game last week, climate change minister James Shaw kicked around a few half-inflated KiwiSaver factoids at a conference.Shaw told the Climate Change and Business Conference: “We barred default KiwiSaver funds from investing in fossil fuels.” Result.Except the real default statistics are not quite as impressive as the Sh...

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