close
MENU
5 mins to read

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

Want to read more? It's easy.

Choose your best value subscription option

Student

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

Yearly Premium Online Subscription

NZ$499.00 / yearly

Monthly Premium Online Subscription

NZ$44.95 / monthly

Smartphone Only Subscription

NZ$24.95 / monthly

Premium Group Membership 10 Users

NZ$350+GST / monthly

$35 per user - Pay by monthly credit card debit

Premium Group Membership 20 Users

NZ$600+GST / monthly

$30 per user - Pay by monthly credit card debit

Premium Group Membership 50 Users

NZ$1250+GST / monthly

$25 per user - Pay by monthly credit card debit

Premium Group Membership 100 Users

NZ$1875+GST / monthly

$18.75 per user - Pay by monthly credit card debit

Yearly Premium Online Subscription + NBR Marketplace

NZ$499.00 / yearly

Already have an account? Login
Calida Stuart-Menteath
Mon, 16 Jul 2018
© All content copyright NBR. Do not reproduce in any form without permission, even if you have a paid subscription.
KiwiSaver default schemes slammed by financial adviser group
75809
true