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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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Jonathan Mitchell Wed, 20 Sep 2023
Contact the Writer: jmitchell@nbr.co.nz
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Hardship withdrawals increase as KiwiSaver navigates tough year
General Business,
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