Business News

How New Zealanders miss out on hundreds of thousands in retirement savings

Written by Ayesha Scott, Senior Lecturer - Finance, Auckland University of Technology

New Zealanders pay higher fees for KiwiSaver funds than people elsewhere.from www.shutterstock.com, CC BY-ND

In the 12 years since New Zealand introduced the retirement fund KiwiSaver, nearly three million New Zealanders have enrolled and 30 KiwiSaver providers are now collectively managing NZ$57 billion in investments.

But questions are being...

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