Being defaulted into KiwiSaver is a good way to get started. It makes you think about saving and retirement plus it sets the savings discipline in motion. However, default funds are mandated to invest the majority of people's money in conservative assets. This is not necessarily the best option for most people, especially those with a long time left to save.
One of the best things about KiwiSaver is that you can choose your own provider. In fact, we think this is the most important decision you can make. For many people, KiwiSaver will end up being one of, if not their biggest, financial asset come retirement, so why wouldn't you want to make an informed decision?
By choosing your own provider, you will have a much better idea about things like the experience and skills of the people managing your money, where your money is being invested and why and how it's performing.
The more you know, the more comfortable you can become and ultimately the better decisions you can make over time about your retirement savings.
After all, you always know what's in your bank account, why wouldn't you want to know what's happening with your KiwiSaver?