Why women do worse than men in KiwiSaver

We hear a lot about the gender pay gap, but not much about the gender savings gap. (Image: Getty)

Sat, 08 Oct 2022

KiwiSaver was in the news again last week, and rightly so. The aggregate KiwiSaver pool currently amounts to about $80 billion and is typically our second-largest asset after our home. It represents the sole retirement nest egg for many of us, so it should be on the front page of at least the business section every day. A few weeks ago, the hot KiwiSaver topic was the government’s proposal to increase goods and services tax (GST) on KiwiSaver manager fees, which would have deprived KiwiSavers of many tens of billions of dollars...

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