KiwiSaver default shakeup – who’s out and who’s in
KiwiSaver default shakeup – who’s out and who’s in
Article written by InvestNow
The government put the KiwiSaver market in a temporary tail-spin this May after giving five default KiwiSaver providers the boot.
While not a total surprise, the decision to slash the number of default KiwiSaver schemes from the current nine to six as of December 1 this year, went further than many expected.
The dramatic move will see AMP, ANZ, ASB, Fisher Funds and Mercer lose any default fund members (excluding those who have made an ‘active choice’ […]