KiwiSaver funds hit $123b, schemes pocket $868.5m in fees
Contributions rose 8.8% to $12.2 billion for the year, although non-contributor numbers are also on the rise, the FMA says.
KiwiSaver funds under management jumped 10.1% during the year to March to $123.1 billion, driven by $12.2b in member, employer, and Crown contributions and $6.4b in investment returns.
For its part, the Government kicked in $1b in contributions, while employers stumped up with another $3.4b, or 8%
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