Default Kiwisaver Changes w/ Aaron Gilbert: March 9th, 2020

Last week an announcement was made by the government surrounding changes to default  kiwisaver funds. In a bid to align with the zero carbon bill, in 2021 when the terms of default kiwisavers end, they will no longer be able to invest in fossil fuels or illegal weaponry. As well as this, the default funds will change from conservative to balanced, which comes with its advantages and disadvantages as discussed by Aaron Gilbert, the associate professor of finance at AUT.