People who sit in a conservative KiwiSaver fund over their whole working life could be missing out on thousands of dollars in returns. Figures crunched by Morningstar show an employed person on the median wage would already have $5000 less in their KiwiSaver account by being in a conservative fund compared to a growth fund over the last 10 years. READ MORE:• Sir Michael Cullen: What I would change about KiwiSaver• How much of a cut is your KiwiSaver provider taking? But if they had invested in a growth fund that same person would potentially have $45,354 based on the average return from the sector. Douglas said one of the biggest obstacles to people moving out of conservative funds was lack of confidence in the financial markets.

Source: New Zealand Herald July 02, 2017 18:00 UTC