"KiwiSaver is about Administration, not Funds Management"
This was the most significant insight culled from the ASFONZ conference, at which Phillip Mathews, our partner in KiwiSaver projects, attended. Phillip attended as a late stand-in for the IRD, who are unable to talk to the public during this stage of the legislative process, as KiwiSaver is before the Finance and Expenditure Comittee.
The comment is insightful because for all the talk about fee caps and subsidies, default funds and the like the main impact on the ability of companies to offer KiwiSaver accounts will be the efficiency of their administration systems and processes.
That's why we are running an Administration forum in May.