Written by NZ Herald
Lack of knowledge of KiwiSaver is costing thousands of Kiwis huge amounts.
It seems a compelling argument – make an extra $235,000 in your lifetime – and yet 700,000 New Zealanders are ignoring it.
Rupert Carlyon, founder and managing director of digital KiwiSaver advisers and investors kōura, says the problem is even more widespread than that – quoting kōura research which shows that 53 per cent of KiwiSaver members (about 1.5 million people) are in the wrong funds, potentially costing them hundreds of thousands of dollars.
