KiwiSaver Discussion Document Released
13 November 2012
KiwiSaver Discussion Document
Commerce Minister Craig Foss has
released a discussion document on whether changes should be
made to the default KiwiSaver provider
“The Government is committed to ensuring
that KiwiSaver is operating at an optimum level. To do so,
the default provider scheme needs to be designed for
investors’ best interests,” says Mr Foss.
“KiwiSaver has continued to grow rapidly since its
introduction – in the past year about 17,500 New
Zealanders have joined each month. This takes total
membership to more than two million.
important that current and potential KiwiSaver providers and
members have the opportunity to comment on possible changes
to the default provider scheme,” says Mr Foss.
discussion document asks whether default provider
arrangements should consider the role of scale and fees and
be tailored for an investor’s life stage and likely risk
profile. It also discusses the practicalities of
transitioning to a new arrangement.
providers were appointed for a seven-year term when
KiwiSaver was launched in 2007. These appointments expire on
30 June 2014.
To view the discussion document, visit
close 24 December
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