close
MENU
Investment
3 mins to read

New default providers stutter as KiwiSaver balances dive

Negative quarter as funds hit by Covid-19 and Ukraine market jitters.

Total KiwiSaver assets fell to $82.7 billion in the June quarter.

KiwiSaver balances sank again in the June quarter, with markets weighed down by a negative cocktail of slower economic growth, high inflation, Covid-19 and the ongoing war in Ukraine.

Morningstar’s latest quarterly survey to the end of June showed total KiwiSaver assets fell to $82.7 billion,

Want to read more? It's easy.

Choose your best value subscription option

Student

Exclusive offer for uni students studying at a New Zealand university (valued at $499).
Individual
Group membership
NBR Marketplace

Yearly Premium Online Subscription

NZ$499.00 / yearly

Monthly Premium Online Subscription

NZ$44.95 / monthly

Smartphone Only Subscription

NZ$24.95 / monthly

Premium Group Membership 10 Users

NZ$350+GST / monthly

$35 per user - Pay by monthly credit card debit

Premium Group Membership 20 Users

NZ$600+GST / monthly

$30 per user - Pay by monthly credit card debit

Premium Group Membership 50 Users

NZ$1250+GST / monthly

$25 per user - Pay by monthly credit card debit

Premium Group Membership 100 Users

NZ$1875+GST / monthly

$18.75 per user - Pay by monthly credit card debit

Yearly Premium Online Subscription + NBR Marketplace

NZ$499.00 / yearly

Already have an account? Login
Jonathan Mitchell Wed, 10 Aug 2022
Contact the Writer: jmitchell@nbr.co.nz
News tip? Question? Typo? Let us know: editor@nbr.co.nz
© All content copyright NBR. Do not reproduce in any form without permission, even if you have a paid subscription.
New default providers stutter as KiwiSaver balances dive
Investment,
95236
true