The disclosure regulations would require KiwiSaver schemes to regularly report on fund performance, fees, asset allocation and other matters in a simple and standardised form, he said.
However, Forsyth Barr superannuation specialist Damian Foster said that already, many providers went ''above and beyond'' when it came to the timeliness and transparency of KiwiSaver reporting.
''Any improvements that result in New Zealanders having a greater understanding of their KiwiSaver accounts are always welcomed. As KiwiSaver account balances continue to grow, it's now becoming more important for KiwiSaver members to understand how their savings are being invested,'' Mr Foster said.
Under the new regulations, KiwiSaver providers would have to publish quarterly and annual disclosure statements online.
Mr Foss said the providers would also need to publish the information in a consistent form that could be accessed by others, such as the Sorted website, to make it easier for members to compare funds.
The regulations come into force on July 1, with the first disclosure statements due to be published in mid-October.
Minimum contributions to KiwiSaver went up on Monday to 3% for both employers and employees.
