Kiwi Saver
 

As the Government has taken some suppliers off "the list"? should everyone be looking at moving their accounts with those removed?
How do you know which provider will bring the best returns at the lowest rates? Is there a comparison site like they have for power?

Whats everyone doing about theirs? I'm with ANZ at the moment but as they have been removed from the list not really sure what that means for my investments

Re: Kiwi Saver
 

https://sorted.org.nz/must-reads/kiw...means-for-you/

This specific page tells you what and why it's happening and the website itself compares all (I believe) the funds out there.

Re: Kiwi Saver
 

No change for me. I am not in one of the default funds and have not been from the start.

It is a wake-up call to all those who are in a default fund to have a think about whether or not it is appropriate for them and look for advice if they are not sure.

Re: Kiwi Saver
 

There is also https://www.canstar.co.nz/kiwisaver/

Re: Kiwi Saver
 

A Default scheme is for investors that joined KiwiSaver but never made a choice about which provider to join or which fund to invest in. If you didn't do that, you will be in a Default scheme. If you did make your own choice, then nothing changes for you. However, it is a good reminder to check on your own KiwiSaver plan and make sure it is doing what you want. Here is a suggested checklist:
1. Choose your own provider. (Service, fees, returns, technology etc)
2. Choose the right investment fund that suits your circumstances (Low, Medium, High risk or something else)
3. Check that you have nominated the correct tax rate (10.5%, 17.5% or 28%)
4. Check your contributions, should these be increased? (Minimum contribution of $1,052 before 1 July each year to achieve the Govt contribution of $521 Free Money!!)

Re: Kiwi Saver
 

Just the default providers are changing. You don't need to "do" anything, just shop the market every so often to make sure you are still getting the best deal (i.e. low fees, good service, invested in the correct fund etc.) Fees and charges particularly tend to be a really important to keep as low as possible in passive investments.