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Investment
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Rise in KiwiSaver switching prompts FMA concern

Investors spooked by market downturn are changing to conservative funds.

Tim Hunter Fri, 20 Mar 2020

Plunging sharemarkets have pushed fearful investors into switching their KiwiSaver funds, says the Financial Markets Authority – a move likely to lock in losses.

“Many providers are reporting significantly increased switching activity – mostly from growth or high-growth funds into

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Tim Hunter Fri, 20 Mar 2020
Contact the Writer: thunter@nbr.co.nz
News tip? Question? Typo? Let us know: editor@nbr.co.nz
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Rise in KiwiSaver switching prompts FMA concern
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