This article was published on 18 November 2021. Some information may be out of date.

KiwiSaver default funds suddenly become attractive for many

Changes could make you want to switch to these funds:

  • Different providers
  • Guidance to investors at life milestones
  • Lower fees — as low as 0.2 per cent
  • No fossil fuels or illegal weapons
  • Change of risk level, from conservative to balanced

Warning to those who should stay in conservative

Don’t let providers talk you into a bad move!

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Mary Holm, ONZM, is a freelance journalist, a seminar presenter and a bestselling author on personal finance. She is a director of Financial Services Complaints Ltd (FSCL) and a former director of the Financial Markets Authority. Her opinions are personal, and do not reflect the position of any organisation in which she holds office. Mary’s advice is of a general nature, and she is not responsible for any loss that any reader may suffer from following it. Send questions to [email protected] or click here. Letters should not exceed 200 words. We won’t publish your name. Please provide a (preferably daytime) phone number. Unfortunately, Mary cannot answer all questions, correspond directly with readers, or give financial advice.