Grant Robertson and David Clark announce a major shake-up in the KiwiSaver default provider appointments. The Government has announced a major shake-up in the KiwiSaver default provider appointments with five providers not being reappointed. There are currently nine default providers but this shrinks to six providers under a new seven-year contract with the government. People are allocated to a default KiwiSaver fund when they are automatically enrolled through starting a new job and don't choose their own fund. "Our team is passionate about engaging with default KiwiSaver members to help them get the most out of their investment.

Source: New Zealand Herald May 13, 2021 20:48 UTC