<p><span>The proportion of KiwiSaver members engaging with their annual statements has lifted to a new high of 80% and most members say continuing contributions is a priority, despite ongoing market volatility.</span></p>
High level of KiwiSaver switching during COVID-19 driven by young people miragenews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from miragenews.com Daily Mail and Mail on Sunday newspapers.
New Zealand Financial Markets Authority: Thousands Of Young New Zealanders Missing Out On Investment Returns Date
25/05/2021
The Financial Markets Authority (FMA) - Te Mana TÄtai Hokohoko - is urging young New Zealanders to check they’re in the right KiwiSaver fund. The call follows data indicating over 12,000 KiwiSaver members aged 26-35 years old are sitting in lower risk or conservative funds after switching from higher growth funds during COVID-19 market volatility last year.
Data supplied to the FMA by 11 KiwiSaver providers shows around 12,700 younger KiwiSaver members switched from growth to conservative funds between February and April last year and, most of them are still sitting in conservative funds, which may not be aligned with their long-term savings goals.
Tuesday, 25 May 2021, 10:29 am
The Financial Markets Authority (FMA) - Te Mana Tātai
Hokohoko - is urging young New Zealanders to check they’re
in the right KiwiSaver fund. The call follows data
indicating over 12,000 KiwiSaver members aged 26-35 years
old are sitting in lower risk or conservative funds after
switching from higher growth funds during COVID-19 market
volatility last year.
Data supplied to the FMA by 11
KiwiSaver providers shows around 12,700 younger KiwiSaver
members switched from growth to conservative funds between
February and April last year and most of them are still
sitting in conservative funds, which may not be aligned with