More tweaking is planned for KiwiSaver, Finance Minister Bill English told superannuation fund managers today.
At an Association of Superannuation Funds of New Zealand forum in Wellington, English reiterated that the Government did not intend making drastic changes to the Labour-initiated KiwiSaver scheme.
"But there are a few minor ones we want to make to reduce compliance issues ..." he said.
The Government has already cut the minimum contribution rate, but there was potential to simplify rules for those wanting to opt out of the scheme, saving compliance costs for employers.
Tax issues were also being investigated and moves were under way to simplify the release of KiwiSaver funds after a member's death.
English said there were also questions as to whether investment profiles of default funds should be changed to give more flexibility to invest in growth assets.
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