Hon KRIS FAAFOI: Just a little under 700,000 New Zealanders are in default KiwiSaver funds. They were automatically enrolled in those when they started a new job and 400,000 of them have not done anything to their accounts since they started. We want all New Zealanders to maximise the benefits of KiwiSaver and we want default providers to do more work with their customers to get them the best KiwiSaver balances for their retirement. The balanced setting might not be right for everyone, but when working with customers KiwiSaver providers can help their customers choose the right settings for their retirement.