KiwiSaver changes “chip away at certainty around retirement planning"

"Perhaps more disconcerting for potential members is that KiwiSaver's rules have been changed again by the Government, which starts to chip away at certainty around retirement planning arrangements."

Stubbs made the comments as default KiwiSaver provider Tower released its monthly analysis of the IRD's KiwiSaver member count for May.

"May saw continued overall increase in KiwiSaver sign-ups, with net total membership rising 1.5% for the month to break through the 1.73 million mark," Stubbs said.

"Opt-in via KiwiSaver provider grew the strongest at 1.8% increase, to take membership counted by that joining type to more than 860,000.