[Weekly Wrap] Golden reign of KiwiSaver

One question I get asked is this: Has KiwiSaver been a success? The answer is yes. Tell me another product in New Zealand which has signed up 600,000 customers in its first 10 months.

Also this week, a piece of "research" was put out by a right-wing think tank bagging KiwiSaver. More comment on this is in today's Blog.

KiwiBaggers scrapping Savers It's getting harder and harder to ignore KiwiSaver as the months roll on. Currently 600,000 people have signed up – two thirds more than predicted than when it started 10 months ago. [more]

The other angle to KiwiSaver is the latest funds flow figures which Good Returns reports on. These show that without money coming in from KiwiSaver the managed funds industry would be looking a little sad.