Changes to default providers won't lower KiwiSaver fees as Govt hopes, say experts 14 May, 2021 05:00 PM 6 minutes to read The number of KiwiSaver default providers will reduce from nine to six. Photo / Getty Images Experts have poured cold water on the Government's hopes that a major shake-up to the KiwiSaver default providers will bring down fees across the industry. And the majority of those appointed as new default fund providers say the low fees on offer through their default schemes won't be applied to their other funds. On Friday the Government announced the nine current default KiwiSaver providers would be slashed to six from December 1.