KiwiSaver

'Impartial advice' a default requirement

Thursday 17th of October 2013

It has completed a review of the default scheme, which started last year, and issued a Cabinet paper in response.

"This [education and advice] requirement should reduce the percentage of fund members who are inappropriately in a conservative fund," the paper said.

It said the new disclosure requirements would also make it easier for KiwiSaver members to make an active choice.

...
Want to read the full article?
Click the button below to subscribe and will have unlimited access to full article and all other articles on the site.