Regulators asked to ease KiwiSaver hardship withdrawal process

By Dan Brunskill | Fri, 27 Mar 2020


KiwiSaver fund managers are asking regulators to ease the documentation required to access hardship withdrawals, with inquiries surging as the covid-19 global crisis floors the New Zealand economy.BusinessDesk understands the Ministry of Business, Innovation and Employment is investigating ways to make the application process easier during the level 4 alert lockdown.The moves come as KiwiSaver fund managers also report a 10-fold increase in the number of people switching from one kind of fund to another, with a massive shift away from higher ri...