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KiwiSaver Holds Firm Through Volatility And Reaches $94BN In March 2023

Growth funds hit $40BN and fee revenue decreases The FMA’s latest KiwiSaver Annual Report for the year to 31 March shows that KiwiSaver has held firm through a continuing period of market volatility. Total funds in KiwiSaver have grown again this year, .

The number of people on KiwiSaver contribution holidays surged 20% in the March year

Hardship withdrawals and savings suspensions have jumped in the past year as households struggle with the high cost of living

KiwiSaver holds firm through volatility - FMA

KiwiSaver holds firm through volatility - FMA
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Membership in KiwiSaver rises, fees fall for first time

KiwiSaver funds and membership have increased in the face of volatile financial markets, which delivered a fall in investment returns, but also a fall in managers' fees.

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