The Financial Services Council (FSC) represents approximately 75% of KiwiSaver schemes and workplace savings schemes through our membership. This includes workplace savings schemes following the merger with Workplace Savings NZ in 2019.
With KiwiSaver funds under management surpassing $100 billion in 2024 and industry research indicating that Kiwis are not financially prepared for retirement, the FSC and the industry have recognised the need for the scheme to evolve to remain fit-for-purpose. The FSC collaborates closely with key stakeholders, including the Retirement Commission and the Government, to drive policies that support better retirement outcomes.
As KiwiSaver acts as the primary retirement savings vehicle for New Zealanders amid an ageing population, the FSC aspires to deliver a dignified retirement through policy and setting changes (FSC Blueprint for Growth, 2023).
Recent FSC resources and work in KiwiSaver and Retirement:
- FSC Member Investment and KiwiSaver CEO Forum
- FSC Member Investment and KiwiSaver Committee
- FSC Member Workplace Savings Committee
- FSC Member Transfers Working Group
- Quarterly KiwiSaver industry spotlights
- FSC KiwiSaver Policy Priorities 2024
- FSC 'Money and You' research report Perception Gap (2023)
- FSC research report - Financial resilience trends in New Zealand: Overconfidence and a perfect (savings) storm (2022)
- FSC in the Retirement Commission's National Strategy for Financial Capability 2025-2027
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Update on defined benefit schemes consolidation initiative
Workplace Savings Half-Yearly Function 2025
