RITANZ says it regrets how long the process took, but it needed further investigation.
The government has said it will upgrade its Licensed Building Practitioners scheme as leaky building issues come to light again.
Simplicity managing director Sam Stubbs says KiwiSaver managers are charging too much in fees.
The largest current KiwiSaver default provider, ANZ Bank NZ, is one of five fund managers ousted from default status.
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