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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. ....

Mercer Martin Lewington , Clive Fernandes , Blair Vernon , Kris Faafoi , Diana Papadopoulos , Financial Markets Authority , Impact Fund For Kiwisaver , Commerce Minister Kris Faafoi , Kiwi Wealth , Fisher Two , Martin Lewington , Positive Impact Fund , கிளைவ் பெர்னாண்டஸ் , பிளேயர் வெர்னான் , டயானா பாப்படொபௌஉலோஸ் , நிதி சந்தைகள் அதிகாரம் , கிவி செல்வம் , மீனவர் இரண்டு , பாஸிடிவ் தாக்கம் நிதி ,