Over 430,000 Kiwisavers, or just over 15% of KiwiSavers, continue to be invested in default KiwiSaver funds. This comes at an enormous cost to them. A recent study estimated that close to a billion ...

Over 90 per cent of Australians believe default superannuation funds should return all profits to members, according to the Australian Institute of Superannuation Trustees (AIST). A poll by Essential ...

Superannuation funds that offer financial advice and member education should be better regarded for selection as default funds, according to the Financial Planning Association (FPA). The FPA has used ...

Differences between providers default strategies are leading to significant gaps in member retirement outcomes, according to analysis from Hymans Robertson.

Data analysis: Fewer defined contribution members than expected are invested in default funds, new figures have shown, but experts anticipate this to increase as auto-enrolment continues to roll out.