FMA: Providers working to help panicked switchers
The Financial Markets Authority says KiwiSaver providers have been making efforts to advise worried investors during recent market disruption.
Morningstar has estimated that KiwiSaver members moved $1.4 billion to more conservative funds in March, about 2% of all the money invested in the scheme.
For many, that will have locked in losses at the bottom of the market.
Providers reported fielding hundreds of inquiries – and some industry commentators expressed concern that many investors were moving funds without a full...MORE»
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Advisers helping clients do better: AMP
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