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MBIE defends KiwiSaver shakeup

Thursday 20th of May 2021

Responding to the claims, MBIE manager financial markets, Sharon Corbett said that the previous iterations of the default scheme have outgrown its original purpose.

“When the KiwiSaver default scheme began in 2007, it was intended as a transitional parking space for members.

“However, there are currently 381,000 people who remain in a default fund and who haven&rsquo...

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