Listen: News of the Money World / Ep 5 / The Faults with KiwiSaver Defaults
Welcome to News of the Money World, a mini-podcast series that we're doing in partnership with NZ Everyday Investor. It's a short, weekly show, about what’s happening in the finance world and how that affects you, the everyday Kiwi.
In this week's episode, Rupert and Darcy discuss:
- The recent shakeup in KiwiSaver default providers and whether it's a good thing for Kiwi's.
- Why the FMA ruled that KiwiSaver providers can't advertise their returns from the last 12 months
- And, the responsibility KiwiSaver schemes have (or don't have) to ensure their fees are reflective of the value they provide
Listen in live by joining us in the NZ Everyday Investor room on Clubhouse every Wednesday at 5:30 pm!