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.