In this episode, we look at the latest KiwiSaver Annual Report, with John Horner, Director of Markets, Investors and Reporting at the FMA.
The FMA’s latest KiwiSaver Annual Report shows that KiwiSaver has held firm through a continuing period of market volatility. Total funds in KiwiSaver have grown again this year, by $4 billion, due to contributions of $10.5bn from members, employers, and government.
This growth in total KiwiSaver funds is despite $1.9bn in investment losses at the March year end, the fourth time total investment returns have gone backwards in the scheme’s 16-year history. This points to the importance of ongoing contributions from investors, employers and the Government in building long-term retirement savings.
We talk with John about what’s happening with KiwiSaver fees, withdrawals by over 65s and what impact volatile world markets have had on KiwiSaver investor behaviour.
You can read the latest KiwiSaver report here.
To find out more about the different types of KiwiSaver funds, see our Spotlight on Funds series: