OnePath, two milestones

With nationwide KiwiSaver membership at 1.7 million, ANZ fund manager OnePath now leads the industry with almost one in four KiwiSaver enrolled in its schemes.

"We're proud to have passed these significant milestones as the current membership far exceeds the original expectations when the initiative was launched nearly four years ago," said ANZ Wealth managing director John Body.

OnePath also revealed IRD figures have shown continuing enrolment at more than 20,000 per month for the year to date.

"The continuous growth in enrolment reinforces KiwiSaver's success in encouraging New Zealanders to start saving for their retirement. We have always advocated a consistent approach to KiwiSaver as the best way of improving New Zealand’s previously poor record of long-term retirement savings."