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Mr KiwiSaver: The man behind the largest New Zealand-owned KiwiSaver business

Mr KiwiSaver: The man behind the largest New Zealand-owned KiwiSaver business
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What would a sale to Fisher Funds mean for Kiwi Wealth s 270,000 investors?

What would a sale to Fisher Funds mean for Kiwi Wealth s 270,000 investors?
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Government s game theory tactic promises cascade of KiwiSaver fee cuts

In May, KiwiSaver providers will find out which get to keep their lucrative default status. In November, default funds will change from being low-risk funds to higher-risk funds holding more growth assets such as shares. Savers can expect a cascade of KiwiSaver fee cuts from the Government s clever use of “game theory” in the Covid-delayed review of default providers, one KiwiSaver provider has said. In May, the Government will announce which of the nine current default KiwiSaver providers get to keep the status. This means they are allocated a share of savers joining KiwiSaver who do not choose a provider for themselves.

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