18 Jun 2020

Covid-19 KiwiSaver hit becoming more apparent

From Morning Report, 8:22 am on 18 June 2020

Investor confidence plummeted in the initial response to the Covid-19 pandemic, and the economic fallout is about to start showing up on KiwiSaver statements.

For the first time, KiwiSaver members will be able to see a projection of how much they might have in their account by the time they reach 65 - and what that means as a weekly amount in retirement.

It might come as a shock to some, as the covid crisis starts to bite.

Martin Hawes is chair of the Summer KiwiSaver Investment Committee