KiwiSaver fund finder welcomed

The New Zealand Bankers’ Association has welcomed an independent tool to help people find a KiwiSaver fund that suits them best.

KiwiSaver fund finder was launched today by the Commission for Financial Literacy and Retirement Income and is available on the Commission’s Sorted website.

The interactive online tool, which has also been designed for mobile devices, allows people to compare the fees, returns and services provided by different KiwiSaver funds.

“It’s a useful tool that will help more people find a KiwiSaver fund that works best for their particular circumstances. It makes the comparative disclosure information about different funds much more accessible,” said New Zealand Bankers’ Association chief executive Kirk Hope.

“You can easily keep an eye on your fund, and how it compares to other funds and providers. This will become increasingly important as our contributions to KiwiSaver rise over time.”

“We strongly support this kind of financial literacy initiative. It’s all about having more well-informed people investing in KiwiSaver now and in the future. Providing easy to understand information is essential to that goal,” Hope said.