Recent changes to Kiwisaver are already benefiting those in the scheme
Recent changes to Kiwisaver are already benefiting those in the scheme
13 May 2019
Latest figures show KiwiSaver assets have increased 16.5 percent over the past year to more 58 billion dollars.
Financial Services Council Chief Executive Richard Klipin says changes in contribution rates, new options for over 65's and savings suspension have helped improve the scheme.
He says additional savings combined with a sustained period of market growth in New Zealand has lead to strong results.
Klipin says the average balance for people using the scheme has grown to more than 19-thousand dollars.
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