News

Advisers pan KiwiSaver settings

Tuesday 3rd of December 2019

Rachelle Bland and John Cliffe made a submission to the Government’s review of the default KiwiSaver scheme.

They said default KiwiSaver providers had generally failed to meet their contractual obligations to move clients out of “temporary” default funds.

“This is because many are deeply conflicted, particularly the Australian-owned banks, which are some of the biggest default f...

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