KEY POINTS:
One of the country's KiwiSaver institutions says half the people who sign up to the superannuation scheme have no interest in deciding who will manage their money.
ASB Group Investments has analysed the latest batch of information released to it by the tax department on KiwiSaver accounts.
About 50 per cent of those people who have signed up with ASB have done so through a default pool. That means rather than make a decision themselves, they are letting IRD do the selecting.
The bank also says its anecdotal feedback suggests many employers are not yet actively involved with KiwiSaver. It says while there is a great deal of enthusiasm for the scheme, there is also a great deal of uncertainty surrounding it.
Latest figures suggest 317,000 people have signed up.
It's not known how many of that 317,000 are in the scheme perforce, because they started a new job since July, and how many have elected to join KiwiSaver as a current jobholder.
- NEWSTALK ZB
