Default KiwiSaver: Which providers are fighting to keep their status?
It may well be the biggest shake up in the history of KiwiSaver.
As the KiwiSaver default fund providers which were appointed by the Minister of Commerce and Consumer Affairs expire on June 30, 2021, current default funds have had to re-apply to keep their status.
The secret of who is in and who is out is being closely guarded by MBIE. Even the number of default funds positions available has not yet been stated.
Regarding the number of available default funds, an MBIE spokesperson told Good Returns, “The number of KiwiSaver default providers that will be appointed will be determined following the outcome of the procurement process and the subsequent decision by ministers on the appointments.
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