Kiwis joining KiwiSaver now exceed 800,000

The number of members stood at 800,213 as at September 30. Of that total, 383,388 actively chose a provider and went directly to a scheme to enrol, the statement said. A further 125,424 actively chose to join KiwiSaver and enrolled via their employer and 291,401 new employees were automatically enrolled by their employer.

"Participation in workplace savings is quickly becoming the norm in New Zealand and that is a positive development as our country's household savings performance has been weak for many years," Cullen said.

By Jonathan Underhill

Comments from our readers

No comments yet

Add your comment:

Your name:
Your email:	Not displayed to the public
Comment:
Comments to Sharechat go through an approval process. Comments which are defamatory, abusive or in some way deemed inappropriate will not be approved. It is allowable to use some form of non-de-plume for your name, however we recommend real email addresses are used. Comments from free email addresses such as Gmail, Yahoo, Hotmail, etc may not be approved.

Anti-spam verification:

Type the text you see in the image into the field below. You are asked to do this in order to verify that this enquiry is not being performed by an automated process.

Related News:

OCA - Oceania Healthcare launches secured fixed rate bond offer
ATM - a2MC receives SAMR approval
June 22nd Morning Report
SPG - Retirement of Director Michelle Tierney
APL - AGM Date and Director Nominations
SKC - Resolution of Adelaide Independent Review
CMC Markets accredited as NZX Participant
June 18th Morning Report
PCT - Sale of PwC Tower to New Investment Partnership
MEL - Waitaki reconsenting receives final approval