04 October 2022

KiwiSaver Annual Report

The FMA publishes a report every year based on all providers’ statutory data for the year to the end of March. It summarises our activities as a regulator relating to KiwiSaver during the reporting period.

KiwiSaver Annual Report 2022: Scheme stays buoyant in its 15th year

KiwiSaver navigated challenging market conditions in the year to June 2022, with total funds under management rising 10% to almost $90 billion, taking the average member balance to $28,324.

It was a milestone year for KiwiSaver default accounts too, as around 300,000 default members were moved to balanced funds with lower fees and exclusions on investments in fossil fuel production.

By 31 March 2022, there were nearly 3.17 million members, and two-thirds had contributed a total of $11.3 billion. Nearly 200,000 withdrawals were made too, including $1.9 billion by over-65s, and $1.4 billion by first home buyers.

Download the KiwiSaver Annual Report 2022 PDF

More information

  • Listen: '5 mins with the FMA' podcast with Director of Investment Management, Paul Gregory.
  • Read:

The FMA publishes a report every year based on all providers’ statutory data for the year to the end of March. It summarises our activities as a regulator relating to KiwiSaver during the reporting period.

KiwiSaver Annual Report 2021: Scheme holds up despite pressure of COVID-19

KiwiSaver held up under pressure this year, as global markets bounced back from the initial shock of COVID-19, even with further lockdowns here and cases surging overseas.

Despite the pandemic’s ongoing impact, KiwiSaver has endured its toughest test to date, and continues to offer millions of New Zealanders an easy way to save for their future.

Download the KiwiSaver Annual Report 2021 PDF.

 

Opinion: KiwiSaver upgrades follow a 'miraculous' year

The FMA’s Director of Investment Management, Paul Gregory, says the latest KiwiSaver Annual Report shows global and local factors are driving overdue improvements to our national savings scheme.

Read more