Friday, 14 May 2021, 10:51 am
The Financial Markets Authority - Te Mana Tātai Hokohoko
(FMA) notes the Government’s announcement today regarding
new KiwiSaver default provider arrangements, these include
new settings that offer a package of benefits for default
KiwiSaver members.
Finance Minister Grant Robertson
and Commerce and Consumer Affairs Minister David Clark have
revealed the appointment of BNZ, Booster, BT Funds
(Westpac), KiwiWealth, Simplicity and Smartshares (NZX) as
default providers for the next seven years, noting they were
selected for offering the best value for money for
investors.
Rob Everett, FMA Chief Executive, said
value for money and fees had been a sharp focus of the