Hardship withdrawals increase as KiwiSaver navigates tough year
It’s the fourth time in scheme’s 16-year history that total returns have gone backwards, according to FMA report card.
Overall net investment loss of $1.9b, the fourth backwards step in 16 years.
More New Zealanders have accessed their KiwiSaver for significant financial hardship, amid market uncertainty and cost-of-living pressures, according to research from the Financial Markets Authority.
Its latest report card, for the year ended March 31, showed overall resilience, with total funds of
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