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Ushering in the new era of KiwiSaver default providers

Actions taken following the Government’s seven-yearly review of default KiwiSaver providers will have implications for outgoing, incoming and ongoing default providers. Impacts will also be felt by other parts of the sector; where approximately 276,000 default members and $3.39 billion (as at 31 March 2021) are subject to involuntary transfers from early December.

Default providers and regulators are having ongoing discussions on the transition process, in order to ensure the best outcome for members.