[The Wrap] National's KiwiSaver policy is nuts
If you take National’s two recent announcements the answer is a resounding no. First it proposed allowing tenants to use KiwiSaver to pay their bond.
This week it says it will allow splitting KiwiSaver so members can use multiple funds.
You can see my thoughts on the former announcement in my ASSET editorial.
This week’s announcement shows National doesn’t understand KiwiSaver and its policy is a solution looking for a problem.
Currently, members can split their KiwiSaver across managers. InvestNow, Consilium, Sharesis and Craigs all have schemes where members can use multiple managers.
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