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1 Oct 2024 22:19
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  •   Home > News > Business

    Thousands of KiwiSaver members who switched funds during Covid could be missing out on potential higher returns

    Thousands of KiwiSaver members who switched funds during Covid could be missing out on potential higher returns


    New Westpac data shows it processed about 18-thousand requests to switch from a growth to conservative funds during market uncertainty between February and March 2020.

    It's projecting someone with 25-thousand dollars going Conservative then, would have about 388-thousand-dollars by 2054.

    Had they stayed with Growth, they'd have about 615-thousand -- a gap of more than 225-thousand-dollars.

    © 2024 Newstalk ZB, NZCity

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     Today's News

    Rugby League:
    New Broncos coach Michael Maguire has set his sights on winning another NRL Premiership, after departing New South Wales with a State of Origin trophy in the cabinet 21:57

    Law and Order:
    Julian Assange, WikiLeaks founder, speaks in his first appearance since his release from prison 21:57

    International:
    Skirmishes between Israeli troops and Hezbollah reported as tanks mass on Lebanese border 21:47

    Entertainment:
    Emma Watson has paid tribute to Dame Maggie Smith following her death 21:39

    Law and Order:
    Four people have been arrested in Auckland's Mission Bay after reports of them weilding firearms in public 21:17

    Entertainment:
    Lady Gaga says Tony Bennett always admired the risks she took in her career 21:09

    Entertainment:
    Kanye West's alterations to his former Malibu mansion have been slammed as "dumb" by its new owner 20:39

    Entertainment:
    Robin Thicke's son Julian Thicke refused to let his dad record one of his songs 20:09

    Entertainment:
    Kristin Cavallari and Mark Estes have split after seven months of dating 19:39

    International:
    Russian Su-35 aircraft shown 'headbutting' a US F-16 fighter jet at close range off Alaska 19:37


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