InvestNow says National’s KiwiSaver proposal will create confusion

National commerce and consumer affairs spokesperson Andrew Bayly. (Image: NZME)

Thu, 17 Aug 2023

The National party’s proposal to allow KiwiSavers to split their investment across multiple providers is being called the wrong solution by the investment platform, InvestNow.The Wellington-based online platform already has a KiwiSaver scheme that allows investors to choose from a mix of 40 funds from 15 fund managers, including leading names such as Milford and Pathfinder.National’s commerce and consumer affairs spokesperson, Andrew Bayly, said that as the sector matures, some KiwiSaver providers are looking to diversify their inve...

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