This morning, Stuff published an article with the headline that a KiwiSaver client is $120,000 out of pocket from being in the wrong fund.

The gist is the client was in a conservative fund and is disappointed their fund provider didn’t recommend they move to a growth fund.

They only found out they were in the wrong fund when they went to a Financial Adviser for some advice. The advisor was Money Guide. A company that provides KiwiSaver advice. Money Guide pointing out that the client missed out on $120,000 from being in a conservative fund, rather than a growth fund.  What a great and caring adviser right? […..]