News

ANZ warns of $14b KiwiSaver timebomb

Thursday 19th of January 2012

The country's largest KiwiSaver provider is lobbying for a change to the rules around default funds so that they are managed with a "life stages" strategy, meaning members have their fund allocation adjusted according to how far they are from retirement age.

Currently default funds are required to have conservative investment mandates, with a large chunk of the funds held in cash.

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