KiwiSaver members better behaved
ASB chief executive Vittoria Shortt says KiwiSaver members are handling market volatility much better now than when Covid-19 first hit markets.
“In 2020, when Covid was first coming onto the scene and we had market volatility, we did see some people moving their KiwiSaver balances," she says.
“This time around, a lot of people have learnt from that, and we are making sure that we are proactively trying to encourage customers to take a long term view.
“There has been quite a lot of market volatility this year and the switching (between KiwiSaver products) has not been anything like what it was.”
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