close
MENU
Hot Topic Budget 25
How to guide
How to guide
Home
NBR Marketplace
The NBR List
NBR Video

Categories

General Business Investment Economics Te Ao Māori Politics Infrastructure Australia Tech & Innovation Finance Law Professional Services Primary Industries Retail Property Deals Marketing & Media Tourism Energy Luxury Property Aviation News Comings & Goings

Analysis

All Economy Matters Edwards on Politics Hunter’s Corner Last Word Margin Call On the Money Shoeshine Underarm NBR Focus

Featured

The NBR Podcast Morning Brew The Grind Entrepreneurs Your Business Beehive Banter Toil & Trouble Market Outlook Dollars & Sense Local Edge Private Bin Audio Articles Podcasts NZ Aviation News Back Issues NBR Radar (Archive) Opinion (Archive) NBR Rich List (Archive)
Hot Topic Budget 25
General Business
3 mins to read
7

Market drop saw 'concerning' 54% increase in KiwiSaver switches: FMA

KiwiSaver returns plummet to negative $821m due to Covid impact.

Hamish McNicol Thu, 01 Oct 2020

The Financial Markets Authority is concerned by a 54% increase in people switching KiwiSaver funds during Covid-19 market volatility which saw overall returns fall to negative $821 million.

The market watchdog's KiwiSaver Annual Report for the year ended March 2020 showed there were more than

Want to read more? It's easy.

Choose your best value subscription option

Student

Exclusive FREE offer for uni students studying at a New Zealand university (valued at $499).
View terms and conditions.
Individual
Group membership
NBR Marketplace

Smartphone Only Subscription

NZ$29.95 / monthly

Monthly Premium Online Subscription

NZ$49.95 / monthly

Smartphone Only Annual Subscription

NZ$299.00 / yearly

Yearly Premium Online Subscription

NZ$499.00 / yearly

Premium Group Membership 10 Users

NZ$385+GST / monthly

$38.5 per user - Pay by monthly credit card debit

Premium Group Membership 20 Users

NZ$660+GST / monthly

$33 per user - Pay by monthly credit card debit

Premium Group Membership 50 Users

NZ$1375+GST / monthly

$27.5 per user - Pay by monthly credit card debit

Premium Group Membership 100 Users

NZ$2100+GST / monthly

$21 per user - Pay by monthly credit card debit

Yearly Premium Online Subscription + NBR Marketplace

NZ$999.00 / yearly

Already have an account? Login
Hamish McNicol Thu, 01 Oct 2020
Contact the Writer: Hmcnicol@nbr.co.nz
News tip? Question? Typo? Let us know: editor@nbr.co.nz
© All content copyright NBR. Do not reproduce in any form without permission, even if you have a paid subscription.
Tags
FMA KiwiSaver management fees Liam Mason

Free News Alerts

Sign up to get the latest stories and insights delivered to your inbox – free, every day.

I’m already subscribed/joined
Related News
Hunter’s Corner
19

Fund management couch potatoes need outing, not coddling
General Business
15

No significant link between KiwiSaver fees and active management
General Business
3

KiwiSaver plays bigger role than ever in first-home buying

Free News Alerts

Sign up to get the latest stories and insights delivered to your inbox – free, every day.

I’m already subscribed/joined
Related News
Hunter’s Corner
19

Fund management couch potatoes need outing, not coddling
General Business
15

No significant link between KiwiSaver fees and active management
General Business
3

KiwiSaver plays bigger role than ever in first-home buying
Market drop saw 'concerning' 54% increase in KiwiSaver switches: FMA
General Business,
85133
true
Subscribe Login