KiwiSaver countdown: why going nuclear could be the default option

Thu, 03 Dec 2020

When it comes to new rules about KiwiSaver providers, there is a ‘nuclear explosive device’ in the glossary.But don’t be alarmed; it’s just ‘good industry practice’ (also in the glossary) from the Ministry of Business, Innovation and Employment as it lays down the rules for the next cohort of KiwiSaver default providers.The revised draft default KiwiSaver ‘Instrument of appointment’, published late in November, does include a reminder the clock is ticking for current providers.In particular, MBIE...

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