Study to assess ways to help KiwiSaver members get better results
The six-month project is an initiative from Kiwi Wealth, the Financial Markets Authority (FMA), the Commission for Financial Capability, and the Ministry for Business Innovation and Employment (MBIE).
It will test how changes to the design and phrasing of enrolment communications can prompt people to assess and change their fund to suit their retirement expectations.
The trial, beginning this week, is expected to include approximately 3000 new entrants to the Kiwi Wealth KiwiSaver Scheme.
Joe Bishop, Kiwi Wealth head of retail wealth and marketing, said simple changes to how providers spoke with their members could have a big impact on their financial decisions and future retirement income.
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