We are responsible for administering certain aspects of the KiwiSaver Act 2006.
- Part 4 of the Act which contains governance provisions relating to KiwiSaver schemes
- Schedule 1 which contains the KiwiSaver scheme rules that apply to all KiwiSaver schemes.
In this section
On Friday 14 May 2021, the Minister of Finance and the Minister of Commerce and Consumer Affairs announced the six KiwiSaver providers who will offer default fund services from 1 December 2021.
We are reviwing the arrangements for providers of default KiwiSaver schemes to ensure they are delivering the best outcomes for default members.
Every KiwiSaver investor receives an annual statement with information about their savings. Regulations are now in force changing the requirements for these annual statements.
The Government is proposing changes to the KiwiSaver Act to allow a person that has a life-shortening congenital condition to withdraw their savings early in order to spend a reasonable portion of their adult life in retirement.
The Government selected 9 KiwiSaver default providers for a 7-year term that started 1 July 2014.