15 Nov 2013

KiwiSavers can now access impartial advice

7:11 pm on 15 November 2013

KiwiSaver members now have access to a tool that allows them to compare schemes impartially.

The fund finder program is available via the Sorted website and compares services, fees and growth that is best suited to the individual.

Previously, members would have to collect, collate and compare the information themselves.

The Commission for Financial Literacy and Retirement Income says it hopes the 500,000 New Zealanders who remain with their default scheme will look at the standardised impartial advice and change to a scheme that suits.

The tool will be reviewed every three months, as results are released.