As reported first on Investment News NZ (IN NZ), two new KiwiSaver schemes have entered the game in the last couple of months. The arrival of the Pathfinder-backed CareSaver in July and Kōura Wealth early this month suggests a wave of start-up optimism is rolling over a KiwiSaver market that has historically favoured the big and the banks. And as the latest IN NZ annual KiwiSaver report reveals, the top-of-the-table institutions have given up a few crumbs to the little people over the last several years. The IN NZ ‘Cracking a dozen’ KiwiSaver study found that the top five providers by funds under management (FUM) collectively lost … [Read More...]
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