Bank-run KiwiSaver schemes have attracted the lowest satisfaction ratings in research undertaken by Consumer New Zealand. Consumer chief executive Jon Duffy said it had been a tough year for KiwiSaver members as they had watched their balances go down due to market volatility and satisfaction ratings had taken a hit. "Industry wide, KiwiSavers are reporting a lacking transparency about fund performance and fees they're paying. Simplicity was rate the top fund with 77 per cent satisfaction score while Milford Asset Management was tied for second place with Generate on 67 per cent. KiwiSaver members can find out if their fund is invested ethically by going to comparison siteMindful Money.

Source: New Zealand Herald June 13, 2022 11:21 UTC