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KiwiSaver default schemes slammed by financial adviser group

KiwiSavers invested in conservative default funds have missed out on about $1b over the past six years.

Calida Stuart-Menteath
Mon, 16 Jul 2018

A group of financial advisers have banded together to criticise KiwiSaver default funds, which they say cause members to lose millions to the benefit of banks.

Nine independent financial advisers, who have no involvement with default KiwiSaver funds, wrote an open letter to the Financial Markets

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Calida Stuart-Menteath
Mon, 16 Jul 2018
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KiwiSaver default schemes slammed by financial adviser group
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