Sharp fall in KiwiSaver sign-ups

New figures show there's been a surprisingly sharp fall in new sign-ups for KiwiSaver.

Default provider Tower Investments has released its monthly analysis for the month of December.

It's found there were just over 9000 new KiwiSaver sign-ups last month, the lowest number recorded since they started taking records in January 2009.

Spokesman Sam Stubbs says KiwiSaver membership growth slowed across 2012, suggesting it's reaching maturity and now achieves only marginal new membership growth.

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