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What to know when you're trying to pick the best KiwiSaver

Each week BusinessDesk and the NZ Herald’s Cooking the Books podcast tackles a different money problem. Today, it’s how to find the best options for a...

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KiwiSaver default provider change: What it means for you

KiwiSaver default provider change: What it means for you
Newshub
2 hrs ago
Priscilla Dickinson
© Getty Images.
From December 1, five of the current nine default KiwiSaver providers will change. This affects KiwiSaver members who haven't made an active choice.
If you're among the 381,000 KiwiSaver members who joined KiwiSaver when starting work but haven't made an active choice, from December 1, the company in charge of investing your money could change.
A Government announcement made on Friday confirmed the nine default KiwiSaver providers will reduce to six when current arrangements end on November 30.
The six new default KiwiSaver fund providers will be Bank of New Zealand, Booster, BT Funds Management (Westpac), Kiwi Wealth, Simplicity and Smartshares (NZX).

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KiwiSaver default provider change: What it means for you

KiwiSaver default provider change: What it means for you
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New-zealand , David-boyle , Clive-fernandes , Commission-for-financial-capability , Westpac , Morningstar-kiwisaver , From-december , Kiwi-wealth , Fisher-funds , Mint-asset-management , Prescribed-investor-rate , National-capital