What is a default KiwiSaver scheme?
Last Updated: 21 Dec 2015
If you don’t choose your own KiwiSaver scheme and your employer doesn’t have a preferred scheme, then you will be allocated to a KiwiSaver scheme by Inland Revenue. That scheme is known as a default KiwiSaver scheme.
There are a number of default KiwiSaver scheme providers. They were selected by the Government based on a range of factors, including investment experience, fees, member education and organisation capabilities. The ASB KiwiSaver Scheme is a default KiwiSaver scheme.
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