KiwiSaver members missing out on thousands by being in wrong fund
14 Apr, 2021 10:45 PM
4 minutes to read
Figuring out which KiwiSaver fund is right for you can be a minefield. Photo / File
KiwiSaver members are missing out on thousands of dollars by being in the wrong fund for them, research by a new digital advice service shows.
A $10,000 investment in 2013 in the top-performing growth fund
over the past seven years would be worth $21,719.
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But the same investment in the bottom-performing conservative fund would be worth just $13,885.
Joe Taylor, founder of BetterSaver, said there were a lot of people sitting in conservative default funds because they had never made an active choice.