A national conversation is needed on the affordability of NZ Superannuation.
KiwiSaver members don’t have any particular duty to prop up local businesses.
Australian pension funds have more than 20% of funds in private assets on average.
KiwiSaver provider Booster has written down the value of its Booster Innovation Fund by $664,000 following a decision by one of the 44 businesses in the fund that it will be placed in liquidation.The firm cannot yet be named.The fund is a small part of the total Booster KiwiSaver...