KiwiSaver grows by 17% despite impacts of Covid-19

Tuesday 30 Nov 21 4:45pm
The Financial Services Council (FSC) quarterly data snapshot shows that total KiwiSaver funds under management has grown around $15.7 billion to $90.8bn in the year to 30 September 2021.

Richard Klipin, Chief Executive of the FSC, said “It’s great news that KiwiSaver has continued to show its resilience over the last year, despite the significant challenges that Covid-19 has presented.

“The data shows that following an initial drop in total funds under management in April 2020, it quickly recovered in the following quarter and has continue to grow since.

Read the full media release.

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