Kiwisaver, who is really reaping the benefits?
New Zealand KiwiSaver fund industry enjoys a near monopoly situation, with no exposure
to international competition. Annual fees that KiwiSaver funds charge New Zealanders
(which are now close to $350 million p.a.) are far above international standards and not
justifiable given their relatively poor performance since inception. We believe that allowing
self-managed retirement portfolio investments by employees, expanding the menu of
investment choices including low cost international ETFs, and opening the industry to
international competition will be beneficial for individual investors and the country as whole.
Copyright (c) 2016 Applied Finance Letters
This work is licensed under a Creative Commons Attribution-NonCommercial-NoDerivatives 4.0 International License.
Authors submitting articles for publication warrant that the work is not an infringement of any existing copyright and will indemnify the publisher against any breach of such warranty. By publishing in Applied Finance Letters, the author(s) retain copyright but agree to the dissemination of their work through Applied Finance Letters.
By publishing in Applied Finance Letters, the authors grant the Journal a Creative Commons nonexclusive worldwide license (CC-BY-NC-ND: Creative Commons Attribution-NonCommercial-NoDerivatives 4.0 International License) for electronic dissemination of the article via the Internet, and, a nonexclusive right to license others to reproduce, republish, transmit, and distribute the content of the journal. The authors grant the Journal the right to transfer content (without changing it), to any medium or format necessary for the purpose of preservation.
Authors agree that the Journal will not be liable for any damages, costs, or losses whatsoever arising in any circumstances from its services, including damages arising from the breakdown of technology and difficulties with access.