Morningstar analyst argues MBIE got its selection criteria wrong and didn’t select default funds that would maximise members’ finances for their retirement.
A new shared equity approach to providing public housing is expected to help boost supply.
Ignoring my potentially correct figure for the under-18s, KiwiSaver membership now represents almost 80% of the remaining population.
Morningstar’s Tim Murphy said conditions were 'subdued' with most funds returning less than 1%.