The FSC gathers industry data on the KiwiSaver industry and publishes quarterly spotlights for the sector.
This spotlight is a quarterly snapshot for the KiwiSaver industry as at 30 September 2025.
Key insights include:
-
- Funds Under Management continues to grow, now reaching an all-time high of $125 billion.
- Employee and Government contributions have reached a new maximum of $1.93 billion and $923.7 million respectively.
- The increase in employee contributions is largely driven by an increase of $66.3 million in age group 66 to 70, while age groups 18 to 55 collectively experience a decrease of $27.7 million.
- First home buyers, hardship and permanent emigration withdrawals reach $487.2 million, $128.4 million and $92 million respectively. The increases are observed across all genders, with slightly more weight being driven by males.
Click here for the downloadable version of the September 2025 industry spotlight.