KiwiSaver
Opposition to ‘life stages’ default funds
Friday 8th of February 2013
Submissions to the government’s review of the default provider system have been mixed on the idea of adjusting default fund members’ asset allocation according to their age.
Supporters include default providers OnePath and Mercer, which said age-based defaults were common in the US and UK and recommended by the OECD as suitable strategies for pension plans.
Fis...
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