KiwiSaver
KiwiSaver default funds should be balanced: ANZ
Wednesday 12th of September 2007
At present anyone who joins KiwiSaver but does not make a choice will have their money put into a conservative fund, but ANZ Bank says this is a "major defect" of the scheme if the government wants to see people save a decent amount for their retirement."We strongly believe that's the wrong default," ANZ's general manager of people capital, Andrew McSweeney, told the finance and expenditure s...
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