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NZ Funds launches “intelligent” KiwiSaver scheme

Friday 22nd of October 2010

NZ Funds' principal David van Schaardenburg says research shows that individuals going into a default fund are likely to accumulate less in wealth at retirement than they would likely achieve by utilising a dynamic, more growth oriented asset allocation.

"That is a very meaningful opportunity cost - there is little logic to a 30 year old having the same asset allocation as a 60 year old....

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